Analyst Downgrades: Zillow Group, LinkedIn, and Synaptics

Analysts downwardly revised their ratings on Zillow Group Inc (Z), LinkedIn Corp (LNKD), and Synaptics, Incorporated (SYNA)

Jul 31, 2015 at 9:54 AM
facebook X logo linkedin


Analysts are weighing in today on Internet real estate resource Zillow Group Inc (NASDAQ:Z), professional networking site LinkedIn Corp (NYSE:LNKD), and touchscreen designer Synaptics, Incorporated (NASDAQ:SYNA). Here's a quick roundup of today's bearish brokerage notes on Z, LNKD, and SYNA.

  • Z, which will step up to the earnings plate next Tuesday evening, was hit with a downgrade to "underperform" from "market perform" at Cowen and Company, which also slashed its price target to $60 from $90. However, the stock is up 1.3% this morning at $84.20, paring its year-to-date deficit to 20.4%. Not surprisingly, sentiment on the Street is bearish toward Zillow Group Inc. Over 70% of covering analysts consider the underperformer a "hold" or worse, and 35% of its float is sold short -- representing almost eight days of trading, at Z's typical volumes.

  • Despite posting better-than-anticipated second-quarter results, LNKD has plunged 9.9% this morning at $204.76, as investors worry about the company's widening quarterly losses and lackluster full-year sales forecast. Since touching a late-February record peak of $276.18, the shares have retreated nearly 26%. Contributing to today's swoon is a round of bearish analyst notes. Evercore ISI downgraded LinkedIn Corp's rating to "hold" and lowered its price target to $220, while explaining the company's "more conservative outlook" is the result of "limited visibility on its marketing solutions line, where it continues to make a transition away from high-priced premium display to feed-based and more performance-based ads." Similarly, Piper Jaffray trimmed its price target to $240. However, Jefferies, Needham, Cantor, and Raymond James each raised their price targets. Elsewhere, short-term option traders have been put-skewed toward LNKD. The stock's Schaeffer's put/call open interest ratio (SOIR) of 1.07 ranks in the 88th percentile of its annual range.

  • SYNA is getting destroyed, after the company posted a disappointing fiscal fourth-quarter profit, offered up an uninspiring full-year revenue forecast, and received a subsequent round of bearish brokerage notes. Specifically, seven analysts cut their price targets on the stock, the most drastic of which came from Dougherty & Company -- which slashed its target to $78 from $90. At last check, Synaptics, Incorporated has dropped 6.8% at $73.89, and since hitting a mid-June record high of $102.50, the security's loss is 28%. Option traders see more downside on the horizon, too. SYNA's 10-day ISE/CBOE/PHLX put/call volume ratio of 0.98 ranks in the 71st annual percentile.

Want an even earlier advantage on the biggest news before the bell? Sign up now to get Schaeffer's Opening View delivered straight to your inbox!

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI