Weibo (NASDAQ:WB) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Weibo's stock has been given a "hold (c)" rating by Weiss Ratings, reflecting a cautious stance from analysts.
• Citi raised Weibo's price target from $12.00 to $14.00 and assigned a "buy" rating, indicating growing investor confidence.
• Weibo reported a quarterly EPS of $0.54, surpassing expectations, with revenue growth of 1.6% year-over-year, highlighting its stable financial performance.

Weibo (NASDAQ:WB - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. Citigroup lifted their price objective on shares of Weibo from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wall Street Zen raised shares of Weibo from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Weibo currently has a consensus rating of "Hold" and a consensus price target of $14.00.

Weibo Stock Down 0.5%

Shares of NASDAQ:WB traded down $0.06 during midday trading on Friday, reaching $11.32. 527,159 shares of the company were exchanged, compared to its average volume of 1,347,929. Weibo has a fifty-two week low of $7.10 and a fifty-two week high of $12.96. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $11.87 and a two-hundred day simple moving average of $10.12. The firm has a market cap of $2.77 billion, a PE ratio of 7.92 and a beta of 0.09.

Weibo (NASDAQ:WB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The information services provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Weibo had a net margin of 21.10% and a return on equity of 12.65%. The business had revenue of $444.80 million for the quarter, compared to analyst estimates of $438.84 million. During the same period last year, the business posted $0.48 earnings per share. The firm's quarterly revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Weibo will post 1.62 earnings per share for the current year.

Institutional Trading of Weibo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. bought a new stake in shares of Weibo during the 2nd quarter worth about $61,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Weibo by 22.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider's stock worth $110,000 after buying an additional 2,135 shares during the period. AQR Capital Management LLC bought a new stake in shares of Weibo during the 1st quarter worth about $117,000. Fox Run Management L.L.C. bought a new stake in shares of Weibo during the 2nd quarter worth about $136,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of Weibo during the 1st quarter worth about $147,000. Institutional investors own 68.77% of the company's stock.

About Weibo

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.

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