Several other research firms have also issued reports on WB. Jefferies Group restated a buy rating and issued a $60.00 target price (up previously from $43.00) on shares of Weibo Corp. in a report on Monday, October 3rd. JPMorgan Chase & Co. began coverage on shares of Weibo Corp. in a report on Wednesday, August 31st. They issued an overweight rating and a $70.00 target price on the stock. Piper Jaffray Cos. restated an overweight rating and issued a $43.00 target price on shares of Weibo Corp. in a report on Thursday, August 11th. Goldman Sachs Group Inc. boosted their target price on shares of Weibo Corp. from $25.40 to $40.00 and gave the company a neutral rating in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded shares of Weibo Corp. from a hold rating to a buy rating and set a $48.00 price objective on the stock in a report on Saturday, August 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Weibo Corp. has a consensus rating of Buy and an average price target of $49.29.
Shares of Weibo Corp. (NASDAQ:WB) opened at 53.47 on Friday. Weibo Corp. has a 52-week low of $12.09 and a 52-week high of $55.93. The company has a market cap of $11.08 billion, a PE ratio of 178.23 and a beta of 2.70. The company has a 50 day moving average of $49.82 and a 200-day moving average of $33.58.
Weibo Corp. (NASDAQ:WB) last released its earnings results on Monday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The business had revenue of $146.90 million for the quarter, compared to analyst estimates of $141.15 million. Weibo Corp. had a net margin of 12.33% and a return on equity of 10.62%. Weibo Corp.’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Analysts forecast that Weibo Corp. will post $0.73 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Weibo Corp. by 0.9% in the second quarter. BlackRock Inc. now owns 4,159 shares of the company’s stock valued at $118,000 after buying an additional 39 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Weibo Corp. during the second quarter valued at approximately $216,000. Bank of Montreal Can acquired a new stake in Weibo Corp. during the second quarter valued at approximately $236,000. Cubist Systematic Strategies LLC acquired a new stake in Weibo Corp. during the second quarter valued at approximately $253,000. Finally, Cadence Capital Management LLC acquired a new stake in Weibo Corp. during the second quarter valued at approximately $256,000. 12.33% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Weibo Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corp. and related companies with MarketBeat.com's FREE daily email newsletter.