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Needham Maintains a Sell Rating on Meta Platforms (META)

Needham analyst Laura Martin maintained a Sell rating on Meta Platforms (METAResearch Report) today. The company’s shares closed last Thursday at $170.57, close to its 52-week low of $154.25.

According to TipRanks.com, Martin is a 3-star analyst with an average return of 1.8% and a 43.1% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Tremor International, and CuriosityStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $226.26 average price target, a 34.4% upside from current levels. In a report issued on July 29, DZ BANK AG also downgraded the stock to Sell with a $140.00 price target.

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The company has a one-year high of $384.33 and a one-year low of $154.25. Currently, Meta Platforms has an average volume of 30.86M.

Based on the recent corporate insider activity of 178 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of META in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Social networking company Facebook, Inc. develops applications that enable people to connect through mobile devices, personal computers, and other devices. The firm’s products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its revenue comes primarily from advertising. The company was founded by Mark Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park+D9, CA.

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