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.
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.
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.
Read More: What is a management fee?
Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.