Weibo Corporation (WB) Getting Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Weibo Corporation (NASDAQ:WB) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weibo Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 46.2094001837075 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Forget Twitter, Weibo Corporation Is a Better Social Media Stock (finance.yahoo.com)
- Weibo Corp Stock Is a Good Buy, but Sina Corp Is Better, Here’s Why (investorplace.com)
- Actionable stock to Rock: Weibo Corporation (NASDAQ:WB) a Internet Information Providers Company – The Stock Street (press release) (thestreetpoint.com)
- Barclays PLC Increases Weibo Co. (WB) Price Target to $0.00 (americanbankingnews.com)
- Zacks Investment Research Upgrades Weibo Co. (WB) to Buy (americanbankingnews.com)
A number of research firms have recently commented on WB. Barclays PLC lifted their target price on Weibo Corporation from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Weibo Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, November 14th. BidaskClub upgraded Weibo Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Benchmark Co. lowered their target price on Weibo Corporation from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $126.00 target price (up from $102.00) on shares of Weibo Corporation in a research note on Thursday, September 14th. Ten research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $93.39.
Shares of Weibo Corporation (WB) traded down $1.99 during trading on Friday, reaching $115.73. The company had a trading volume of 2,296,500 shares, compared to its average volume of 2,368,002. Weibo Corporation has a fifty-two week low of $40.12 and a fifty-two week high of $118.65. The company has a market cap of $25,601.44, a PE ratio of 98.08 and a beta of 2.50.
Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. Weibo Corporation had a return on equity of 30.00% and a net margin of 26.85%. The business had revenue of $320.00 million for the quarter, compared to analysts’ expectations of $297.20 million. During the same period in the previous year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 80.9% compared to the same quarter last year. sell-side analysts expect that Weibo Corporation will post 1.49 EPS for the current year.
About Weibo Corporation
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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