Weibo Co. (NASDAQ:WB – Get Rating) has earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.33.
A number of analysts have recently commented on the stock. CLSA dropped their target price on shares of Weibo from $45.00 to $42.70 and set a "buy" rating on the stock in a report on Wednesday, May 18th. HSBC lowered their price target on Weibo from $31.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, June 2nd. Benchmark lowered their price target on Weibo from $56.00 to $39.00 in a research report on Wednesday, June 1st. The Goldman Sachs Group began coverage on Weibo in a research report on Sunday, April 10th. They issued a "hold" rating and a $37.50 price target for the company. Finally, StockNews.com raised Weibo from a "hold" rating to a "buy" rating in a research report on Wednesday, July 13th.
Get Weibo alerts:Weibo Stock Performance
Shares of WB stock opened at $20.47 on Wednesday. Weibo has a 12 month low of $18.56 and a 12 month high of $62.00. The stock has a market cap of $4.84 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.43. The company's fifty day moving average price is $21.99 and its 200-day moving average price is $25.59.
Weibo (NASDAQ:WB – Get Rating) last announced its earnings results on Wednesday, June 1st. The information services provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. Weibo had a net margin of 13.62% and a return on equity of 14.51%. The firm had revenue of $484.60 million for the quarter, compared to analysts' expectations of $473.58 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company's quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Weibo will post 2.17 EPS for the current fiscal year.Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in WB. Parallel Advisors LLC grew its position in shares of Weibo by 331.3% during the fourth quarter. Parallel Advisors LLC now owns 828 shares of the information services provider's stock worth $26,000 after purchasing an additional 636 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Weibo by 88.9% during the first quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider's stock worth $35,000 after acquiring an additional 651 shares during the last quarter. Signaturefd LLC grew its stake in Weibo by 102.3% during the fourth quarter. Signaturefd LLC now owns 1,384 shares of the information services provider's stock valued at $43,000 after acquiring an additional 700 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Weibo by 153.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,676 shares of the information services provider's stock valued at $52,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in Weibo in the 4th quarter worth $77,000. Institutional investors own 71.37% of the company's stock.
Weibo Company Profile
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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.
Further Reading
- Get a free copy of the StockNews.com research report on Weibo (WB)
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