Weibo Corp (NASDAQ:WB) opened at 74.80 on Thursday. They presently have a $85.00 price target on the information services provider's stock, up from their previous price target of $66.00.
05/09/2017 - Weibo Corporation had its "buy" rating reiterated by analysts at T.H. Capital. Zacks Investment Research raised Weibo Corp from a hold rating to a buy rating and set a $61.00 price target for the company in a research report on Thursday, April 27th. TheStreet upgraded Weibo Corp from a "c" rating to a "b-" rating in a report on Monday, April 17th. They set a buy rating and a $65.00 price target for the company. Jefferies Group LLC upped their target price on Weibo Corp to $67.00 and gave the company a "buy" rating in a report on Wednesday, March 1st. Instinet initiated coverage on shares of Weibo Corp in a research report on Monday, February 13th. They set a buy rating and a $63.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company.
The company's consensus rating on Reuter's scale improved from 2 to 3 during a month.
Weibo Corp (NASDAQ:WB) traded up 5.087% during trading on Wednesday, hitting $78.605. The stock had a trading volume of 3,456,680 shares. Weibo Corp has a 1-year low of $22.89 and a 1-year high of $79.70. The firm's 50 day moving average price is $55.54 and its 200-day moving average price is $49.86. The company has a market capitalization of $15.94 billion, a P/E ratio of 116.88 and a beta of 2.66.
Weibo Corp (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, May 16th. The information services provider reported $0.26 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.05. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. Weibo Corp had a return on equity of 12.79% and a net margin of 14.22%. The Average Volume of the company is 1.99 Million and P/E (price to earnings) ratio is 163.64, while Forward P/E ratio is 40.35. During the same period in the prior year, the business posted $0.07 earnings per share.
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The consensus analysts recommendation at this point stands at 1.90 on Weibo Corporation (NASDAQ:WB).
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Several hedge funds and other institutional investors have recently modified their holdings of WB. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Weibo Corp during the third quarter worth approximately $13,544,000. Ariose Capital Management Ltd purchased a new stake in Weibo Corp during the third quarter worth about $2,948,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Weibo Corp by 183.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,017,638 shares of the information services provider's stock valued at $151,305,000 after buying an additional 79,178 shares in the last quarter. Investors will be keeping a close eye on the stock during this session to see if the upward trend will remain throughout the day.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Firm 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. On the other hand, such growth rates in EPS are more consistent in case of "matured companies" which has experienced a whole economic cycle of expansion and contraction, through a bear market phase along with a bull run.
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