Weibo Corporation (NASDAQ:WB) Stock Has Consensus Price Target of $8.10 According to Analysts

Key Points

• Analysts collectively rate Weibo “Reduce.” Of six analysts, two recommend selling, three recommend holding, and one recommends buying; the average 12-month price target is $8.10.
• Weibo shares opened at $6.35, near their 12-month low of $6.09 and well below the 12-month high of $11.28. The stock has a market capitalization of approximately $1.56 billion and a price-to-earnings ratio of 5.25.
• The company exceeded quarterly expectations, reporting adjusted EPS of $0.38 versus the $0.36 consensus estimate and revenue of $453.83 million versus expectations of $442.45 million. Institutional investors and hedge funds own 68.77% of the shares.

Shares of Weibo Corporation (NASDAQ:WB - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.10.

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of Weibo from a "strong sell" rating to a "hold" rating in a research report on Friday, October 23rd. Weiss Ratings restated a "sell (d+)" rating on shares of Weibo in a research report on Thursday, October 22nd. The Goldman Sachs Group set a $6.70 price target on shares of Weibo in a research note on Friday, October 23rd. Citigroup lowered shares of Weibo from a "buy" rating to a "neutral" rating and cut their price target for the stock from $9.30 to $7.80 in a report on Thursday, August 20th. Finally, Benchmark reiterated a "hold" rating on shares of Weibo in a report on Thursday, August 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of Weibo by 41.9% during the second quarter. Wellington Management Group LLP now owns 2,363,373 shares of the information services provider's stock worth $17,158,000 after acquiring an additional 697,778 shares during the last quarter. Saba Capital Management L.P. lifted its stake in shares of Weibo by 21.0% in the first quarter. Saba Capital Management L.P. now owns 2,437,357 shares of the information services provider's stock worth $21,327,000 after acquiring an additional 422,294 shares during the period. Sei Investments Co. lifted its stake in shares of Weibo by 39.6% in the first quarter. Sei Investments Co. now owns 584,557 shares of the information services provider's stock worth $5,115,000 after acquiring an additional 165,936 shares during the period. AIA Group Ltd lifted its stake in shares of Weibo by 229.7% in the first quarter. AIA Group Ltd now owns 103,579 shares of the information services provider's stock worth $906,000 after acquiring an additional 72,159 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Weibo by 15.2% in the second quarter. QRG Capital Management Inc. now owns 23,465 shares of the information services provider's stock valued at $170,000 after acquiring an additional 3,090 shares during the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Price Performance

Weibo stock opened at $6.35 on Tuesday. The stock has a 50-day moving average price of $6.56 and a two-hundred day moving average price of $8.15. Weibo has a 12 month low of $6.09 and a 12 month high of $11.28. The company has a market capitalization of $1.56 billion, a PE ratio of 5.25 and a beta of 0.17. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.46.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The information services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Weibo had a return on equity of 8.87% and a net margin of 17.78%. The company had revenue of $453.83 million for the quarter, compared to analysts' expectations of $442.45 million. Analysts expect that Weibo will post 1.02 EPS for the current year.

About Weibo

Weibo Corp. NASDAQ: WB operates a social media platform in China centered on the Weibo service, a microblogging and content-sharing network. The platform enables users to create, discover and distribute text, images, video and live content, while allowing public figures, media organizations, businesses and government agencies to engage with audiences and participate in public discussions.

Weibo generates revenue primarily through advertising and marketing services, including promoted content and other brand- and performance-based advertising solutions.

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