Weibo Corporation (NASDAQ:WB) Given Average Rating of "Reduce" by Brokerages

Key Points

• Weibo has a consensus “Reduce” rating from six brokerages: two sell ratings, three holds, and one buy. The average 12-month price target is $8.80.
• Shares opened at $6.63, near their 52-week low of $6.59, and remain below both the 50-day and 200-day moving averages. The stock has a $1.63 billion market capitalization and a P/E ratio of 5.48.
• Weibo exceeded quarterly expectations, reporting $0.38 in EPS versus $0.36 expected and revenue of $453.83 million versus $442.45 million expected. Institutional investors and hedge funds own approximately 68.77% of the company.

Shares of Weibo Corporation (NASDAQ:WB - Get Free Report) have been assigned a consensus rating of "Reduce" from the six brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.80.

Several analysts have commented on the company. Jefferies Financial Group reissued a "buy" rating and issued a $9.80 price objective on shares of Weibo in a report on Thursday, May 28th. Bank of America reaffirmed an "underperform" rating on shares of Weibo in a research note on Friday, August 21st. Zacks Research upgraded Weibo from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Benchmark reissued a "hold" rating on shares of Weibo in a research note on Thursday, August 20th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Weibo in a report on Friday, July 24th.

Weibo Stock Performance

Shares of Weibo stock opened at $6.63 on Monday. The firm has a 50-day simple moving average of $7.49 and a two-hundred day simple moving average of $8.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.59 and a current ratio of 3.59. Weibo has a fifty-two week low of $6.59 and a fifty-two week high of $12.96. The company has a market cap of $1.63 billion, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 4.22 and a beta of 0.18.

Weibo (NASDAQ:WB - Get Free Report) last posted its earnings results on Thursday, August 20th. The information services provider reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. The firm had revenue of $453.83 million for the quarter, compared to analysts' expectations of $442.45 million. Weibo had a return on equity of 8.87% and a net margin of 17.78%. As a group, equities analysts predict that Weibo will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Weibo

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Weibo by 337.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,876 shares of the information services provider's stock worth $34,000 after purchasing an additional 2,990 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Weibo in the 2nd quarter worth about $61,000. Nykredit A S purchased a new stake in Weibo during the 2nd quarter worth approximately $93,000. FourThought Financial Partners LLC purchased a new stake in Weibo during the 4th quarter worth approximately $110,000. Finally, AQR Capital Management LLC acquired a new position in shares of Weibo during the first quarter valued at approximately $117,000. Institutional investors and hedge funds own 68.77% of the company's stock.

About Weibo

Weibo Corporation NASDAQ: WB operates a social media platform in China that enables users to create, share and discover short-form content. Often described as a microblogging service, Weibo supports public posts, multimedia content, hashtags, trending topics, comments, direct messaging and interactions among users, public figures, media organizations and businesses.

The company generates revenue primarily through advertising and marketing services, including promoted content, display advertising and advertising products designed to help brands reach targeted audiences.

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