Weibo (NASDAQ:WB) Reaches New 1-Year Low at $7.84

Shares of Weibo Co. (NASDAQ:WB - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $7.84 and last traded at $7.84, with a volume of 650514 shares trading hands. The stock had previously closed at $8.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $10.60 price objective on shares of Weibo in a report on Thursday, March 28th. StockNews.com downgraded Weibo from a "buy" rating to a "hold" rating in a research note on Friday, January 19th. HSBC lowered their target price on Weibo from $13.60 to $9.80 and set a "hold" rating on the stock in a research note on Friday, March 15th. UBS Group upgraded Weibo from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $12.90 to $11.50 in a research note on Tuesday, March 19th. Finally, Bank of America downgraded Weibo from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $19.50 to $10.00 in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.98.

Weibo Stock Performance

The firm has a 50 day simple moving average of $9.09 and a 200-day simple moving average of $10.19. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 1.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 2.38.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.14). Weibo had a return on equity of 10.77% and a net margin of 19.47%. The firm had revenue of $463.67 million for the quarter, compared to analysts' expectations of $452.30 million. As a group, analysts predict that Weibo Co. will post 1.64 EPS for the current fiscal year.

Weibo Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Monday, May 13th. Investors of record on Friday, April 12th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, April 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WB. Advisor Group Holdings Inc. raised its stake in Weibo by 88.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider's stock valued at $35,000 after acquiring an additional 651 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Weibo during the 2nd quarter worth approximately $50,000. US Bancorp DE raised its stake in shares of Weibo by 124.7% during the 1st quarter. US Bancorp DE now owns 5,512 shares of the information services provider's stock worth $135,000 after buying an additional 3,059 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Weibo by 16.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,113 shares of the information services provider's stock worth $87,000 after buying an additional 1,022 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in shares of Weibo by 20.6% during the 1st quarter. Ensign Peak Advisors Inc now owns 8,200 shares of the information services provider's stock worth $164,000 after buying an additional 1,400 shares in the last quarter. 68.77% of the stock is 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, distribute, and discover 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.