Shares of Weibo Co. (NASDAQ:WB – Get Free Report) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.23.
WB has been the subject of several analyst reports. Citigroup raised their price target on shares of Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Nomura Securities upgraded Weibo to a “hold” rating in a research report on Monday, August 26th. Morgan Stanley reduced their price target on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Weibo from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.
Hedge Funds Weigh In On Weibo
Weibo Price Performance
Shares of NASDAQ:WB opened at $9.01 on Tuesday. The business has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $2.11 billion, a PE ratio of 7.57, a PEG ratio of 1.53 and a beta of 0.23. Weibo has a 1-year low of $7.03 and a 1-year high of $12.65.
Weibo (NASDAQ:WB – Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The information services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. Weibo’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, equities analysts expect that Weibo will post 1.48 EPS for the current fiscal year.
Weibo Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute 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.
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