Weibo (NASDAQ:WB) Given a $55.00 Price Target by Barclays Analysts

Barclays set a $55.00 target price on Weibo (NASDAQ:WB) in a research report sent to investors on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also weighed in on the stock. TheStreet lowered shares of Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st. Zacks Investment Research lowered shares of Weibo from a hold rating to a sell rating in a research report on Thursday, August 15th. Benchmark restated a buy rating and set a $51.00 price target (down previously from $81.00) on shares of Weibo in a research report on Friday, May 24th. BidaskClub upgraded shares of Weibo from a strong sell rating to a sell rating in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Weibo in a research report on Monday, August 5th. They set a hold rating and a $43.60 price target for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Weibo presently has a consensus rating of Hold and an average price target of $56.79.

WB opened at $39.62 on Wednesday. The firm has a market cap of $8.91 billion, a P/E ratio of 15.72 and a beta of 2.21. The firm has a 50-day moving average of $39.55 and a 200 day moving average of $53.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.44 and a current ratio of 3.44. Weibo has a fifty-two week low of $34.26 and a fifty-two week high of $83.35.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Monday, August 19th. The information services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The company had revenue of $431.80 million during the quarter, compared to analyst estimates of $434.79 million. Weibo had a net margin of 33.01% and a return on equity of 33.30%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities research analysts predict that Weibo will post 2.44 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. FTB Advisors Inc. lifted its holdings in shares of Weibo by 2,010.0% in the first quarter. FTB Advisors Inc. now owns 422 shares of the information services provider’s stock worth $25,000 after buying an additional 402 shares in the last quarter. Cornerstone Advisors Inc. purchased a new stake in shares of Weibo in the first quarter worth about $35,000. Private Capital Group LLC purchased a new stake in shares of Weibo in the second quarter worth about $36,000. Bremer Bank National Association purchased a new stake in shares of Weibo in the first quarter worth about $107,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Weibo in the second quarter worth about $144,000. Hedge funds and other institutional investors own 25.25% 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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