Weibo Corp (WB) Receives Average Recommendation of “Hold” from Analysts

Shares of Weibo Corp (NASDAQ:WB) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $76.57.

A number of analysts have recently commented on the stock. Credit Suisse Group restated a “buy” rating and set a $72.00 target price on shares of Weibo in a report on Thursday, February 14th. Zacks Investment Research upgraded shares of Weibo from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Jefferies Financial Group cut shares of Weibo from a “buy” rating to a “hold” rating and dropped their target price for the company from $83.00 to $58.00 in a report on Thursday, January 24th. BidaskClub upgraded shares of Weibo from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Nomura cut shares of Weibo from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $61.00 in a report on Tuesday, January 22nd.

Shares of NASDAQ WB traded up $0.35 during mid-day trading on Friday, hitting $71.50. The stock had a trading volume of 908,537 shares, compared to its average volume of 1,835,559. The company has a quick ratio of 3.99, a current ratio of 3.92 and a debt-to-equity ratio of 0.51. Weibo has a 1 year low of $51.15 and a 1 year high of $128.17. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.16 and a beta of 2.02.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Tuesday, March 5th. The information services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.05. The business had revenue of $481.88 million for the quarter, compared to the consensus estimate of $481.52 million. Weibo had a net margin of 33.27% and a return on equity of 37.53%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Equities research analysts anticipate that Weibo will post 2.93 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new position in Weibo in the fourth quarter valued at about $161,521,000. Genesis Asset Managers LLP acquired a new stake in Weibo in the fourth quarter worth about $104,219,000. DSM Capital Partners LLC boosted its holdings in Weibo by 1,996.4% in the fourth quarter. DSM Capital Partners LLC now owns 1,335,749 shares of the information services provider’s stock worth $78,048,000 after acquiring an additional 1,272,034 shares in the last quarter. Norges Bank acquired a new stake in Weibo in the fourth quarter worth about $36,324,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Weibo in the first quarter worth about $35,148,000. 24.58% of the stock is owned by hedge funds and other institutional investors.

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 through 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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