Weibo Corp (NASDAQ:WB) Given Consensus Rating of “Hold” by Brokerages

Weibo Corp (NASDAQ:WB) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $45.43.

WB has been the topic of several recent research reports. HSBC lowered their price objective on shares of Weibo from $38.00 to $34.50 and set a “reduce” rating on the stock in a research note on Wednesday, May 20th. BidaskClub raised shares of Weibo from a “strong sell” rating to a “sell” rating in a research report on Friday, May 8th. Nomura Instinet dropped their target price on shares of Weibo from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. ValuEngine downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, UBS Group dropped their target price on shares of Weibo from $46.50 to $45.50 and set a “neutral” rating on the stock in a research report on Thursday, February 27th.

Shares of WB traded up $0.78 during mid-day trading on Monday, hitting $30.77. The company’s stock had a trading volume of 2,283,000 shares, compared to its average volume of 2,029,842. The firm has a 50-day moving average price of $34.65 and a 200 day moving average price of $40.64. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 17.58 and a beta of 1.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.69 and a quick ratio of 4.69. Weibo has a fifty-two week low of $28.93 and a fifty-two week high of $55.52.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Tuesday, May 19th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $315.02 million. Weibo had a net margin of 23.44% and a return on equity of 18.14%. The business’s revenue was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities analysts anticipate that Weibo will post 1.91 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in Weibo by 222.3% in the first quarter. Parallel Advisors LLC now owns 767 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 529 shares during the last quarter. CWM LLC lifted its stake in Weibo by 3,272.2% in the fourth quarter. CWM LLC now owns 607 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 589 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in Weibo in the first quarter valued at approximately $55,000. Tower Research Capital LLC TRC lifted its stake in Weibo by 525.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,182 shares of the information services provider’s stock valued at $101,000 after acquiring an additional 1,833 shares during the last quarter. Finally, SkyOak Wealt LLC acquired a new stake in Weibo in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 25.72% of the company’s stock.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

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Analyst Recommendations for Weibo (NASDAQ:WB)

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