Weibo Corp. (WB) Given Average Recommendation of “Buy” by Analysts
Weibo Corp. (NASDAQ:WB) has received a consensus rating of “Buy” from the ten analysts that are presently covering the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $49.29.
A number of equities analysts have recently issued reports on WB shares. T.H. Capital increased their target price on Weibo Corp. from $38.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 7th. Jefferies Group reissued a “buy” rating and set a $60.00 target price (up from $43.00) on shares of Weibo Corp. in a research note on Monday, October 3rd. Zacks Investment Research raised Weibo Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Saturday, August 13th. Citigroup Inc. started coverage on Weibo Corp. in a research note on Friday, August 5th. They set a “buy” rating for the company. Finally, Goldman Sachs Group Inc. increased their target price on Weibo Corp. from $25.40 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th.
Shares of Weibo Corp. (NASDAQ:WB) traded up 0.15% during trading on Monday, reaching $53.16. The company had a trading volume of 698,230 shares. Weibo Corp. has a 12 month low of $12.09 and a 12 month high of $55.93. The firm’s 50 day moving average price is $50.23 and its 200 day moving average price is $33.96. The firm has a market capitalization of $11.02 billion, a P/E ratio of 177.20 and a beta of 2.70.
Weibo Corp. (NASDAQ:WB) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm earned $146.90 million during the quarter, compared to the consensus estimate of $141.15 million. Weibo Corp. had a return on equity of 10.62% and a net margin of 12.33%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. Equities analysts predict that Weibo Corp. will post $0.73 EPS for the current year.
Several large investors have recently added to or reduced their stakes in WB. BlackRock Inc. boosted its stake in Weibo Corp. by 0.9% in the second quarter. BlackRock Inc. now owns 4,159 shares of the company’s stock worth $118,000 after buying an additional 39 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Weibo Corp. during the second quarter worth approximately $216,000. BNP Paribas Arbitrage SA boosted its stake in shares of Weibo Corp. by 116,800.0% in the third quarter. BNP Paribas Arbitrage SA now owns 8,183 shares of the company’s stock worth $410,000 after buying an additional 8,176 shares during the period. Bank of Montreal Can bought a new stake in shares of Weibo Corp. during the second quarter worth approximately $236,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Weibo Corp. during the second quarter worth approximately $253,000. Institutional investors and hedge funds own 12.31% of the company’s stock.
Weibo Corp. Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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