Weibo Co. (NASDAQ:WB) Receives $10.23 Consensus Target Price from Analysts

Shares of Weibo Co. (NASDAQ:WB) have received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.23.

A number of equities analysts have recently commented on the stock. Citigroup increased their price objective on shares of Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday. Nomura Securities upgraded shares of Weibo to a “hold” rating in a research note on Monday, August 26th. Finally, Morgan Stanley cut their target price on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Friday, August 23rd.

Weibo Price Performance

WB stock opened at $9.27 on Tuesday. The stock has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $8.46. Weibo has a 1 year low of $7.03 and a 1 year high of $12.65. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.17 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.56 and a beta of 0.23.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, August 22nd. The information services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Weibo had a net margin of 18.52% and a return on equity of 11.01%. The company had revenue of $437.90 million during the quarter, compared to the consensus estimate of $437.97 million. During the same period in the prior year, the business posted $0.42 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts forecast that Weibo will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Weibo

Several hedge funds have recently bought and sold shares of the stock. Deltec Asset Management LLC bought a new position in shares of Weibo during the second quarter worth approximately $82,000. Seven Eight Capital LP bought a new position in shares of Weibo during the second quarter worth approximately $110,000. Creative Planning bought a new position in Weibo in the third quarter valued at approximately $112,000. Bayesian Capital Management LP bought a new position in Weibo in the first quarter valued at approximately $123,000. Finally, Diversified Trust Co bought a new position in Weibo in the third quarter valued at approximately $194,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Weibo Company Profile

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.