Shares of Weibo Co. (NASDAQ:WB – Get Free Report) gapped down previous to buying and selling on Wednesday . The inventory had beforehand closed at $8.66, however opened at $8.33. Weibo shares final traded at $8.23, with a quantity of 191,746 shares altering arms.
Wall Road Analyst Weigh In
A number of analysis corporations not too long ago weighed in on WB. Nomura Securities upgraded shares of Weibo to a “maintain” score in a report on Monday, August twenty sixth. Morgan Stanley minimize their goal worth on Weibo from $8.00 to $7.50 and set an “underweight” score on the inventory in a analysis be aware on Friday, August twenty third. Two funding analysts have rated the inventory with a promote score, 4 have given a maintain score and one has issued a purchase score to the corporate. Based mostly on knowledge from MarketBeat.com, the inventory presently has a mean score of “Maintain” and a consensus worth goal of $9.88.
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Weibo Buying and selling Down 3.2 %
The inventory’s 50 day easy shifting common is $7.66 and its two-hundred day easy shifting common is $8.36. The inventory has a market capitalization of $1.96 billion, a PE ratio of seven.28, a PEG ratio of 1.31 and a beta of 0.22. The corporate has a debt-to-equity ratio of 0.55, a present ratio of two.34 and a fast ratio of two.34.
Weibo (NASDAQ:WB – Get Free Report) final posted its quarterly earnings knowledge on Thursday, August twenty second. The data providers supplier reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. Weibo had a return on fairness of 11.01% and a web margin of 18.52%. The enterprise had income of $437.90 million for the quarter, in comparison with the consensus estimate of $437.97 million. Throughout the identical quarter within the prior yr, the enterprise earned $0.42 earnings per share. Weibo’s income for the quarter was down .5% on a year-over-year foundation. On common, sell-side analysts anticipate that Weibo Co. will submit 1.48 EPS for the present yr.
Hedge Funds Weigh In On Weibo
Quite a lot of institutional buyers and hedge funds have not too long ago added to or diminished their stakes in WB. Deltec Asset Administration LLC bought a brand new stake in shares of Weibo throughout the 2nd quarter valued at roughly $82,000. Seven Eight Capital LP purchased a brand new place in shares of Weibo within the second quarter value $110,000. Bayesian Capital Administration LP purchased a brand new place in shares of Weibo within the first quarter value $123,000. XY Capital Ltd bought a brand new place in shares of Weibo within the first quarter valued at $140,000. Lastly, Caxton Associates LP raised its stake in shares of Weibo by 55.9% throughout the 2nd quarter. Caxton Associates LP now owns 50,239 shares of the knowledge providers supplier’s inventory valued at $386,000 after buying a further 18,008 shares throughout the interval. Institutional buyers personal 68.77% of the corporate’s inventory.
Weibo Firm Profile
Weibo Company, by way of its subsidiaries, operates as a social media platform for folks to create, distribute, and uncover content material within the Individuals’s Republic of China. It operates in two segments, Promoting and Advertising Companies; and Worth-Added Companies. The corporate gives discovery merchandise to assist customers uncover content material on its platform; self-expression merchandise that allow its customers to precise themselves on its platform; and social merchandise to advertise social interplay between customers on its platform.
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