Weibo (NASDAQ:WB) Raised to “Buy” at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Weibo (NASDAQ:WB – Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also issued reports on WB. Morgan Stanley dropped their target price on Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Nomura Securities raised Weibo to a “hold” rating in a research report on Monday, August 26th. Finally, Citigroup lifted their target price on Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Weibo has an average rating of “Hold” and a consensus price target of $10.23.

Read Our Latest Stock Report on Weibo

Weibo Price Performance

Shares of WB opened at $9.59 on Friday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55. Weibo has a 1 year low of $7.03 and a 1 year high of $12.65. The stock has a market cap of $2.25 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 1.56 and a beta of 0.23. The stock’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.45.

Weibo (NASDAQ:WB – Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The information services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. Weibo had a return on equity of 11.01% and a net margin of 18.52%. The business had revenue of $437.90 million for the quarter, compared to analysts’ expectations of $437.97 million. During the same quarter in the previous year, the business posted $0.42 EPS. Weibo’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts predict that Weibo will post 1.48 earnings per share for the current year.

Institutional Trading of Weibo

Several institutional investors have recently added to or reduced their stakes in the company. Deltec Asset Management LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $82,000. Seven Eight Capital LP bought a new stake in shares of Weibo during the 2nd quarter valued at $110,000. Creative Planning bought a new stake in shares of Weibo during the 3rd quarter valued at $112,000. Bayesian Capital Management LP bought a new stake in shares of Weibo during the 1st quarter valued at $123,000. Finally, Diversified Trust Co bought a new stake in shares of Weibo during the 3rd quarter valued at $194,000. 68.77% of the stock is currently owned by institutional investors.

About Weibo

(Get Free Report)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.

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