NASDAQ:WB - Weibo Stock Price, Forecast & News

Weibo's stock was trading at $39.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WB stock has decreased by 15.7% and is now trading at $33.53. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Weibo.

Weibo is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Weibo.

Weibo Corp (NASDAQ:WB) released its quarterly earnings results on Wednesday, February, 26th. The information services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11. The information services provider had revenue of $468.10 million for the quarter, compared to analysts' expectations of $469.99 million. Weibo had a return on equity of 23.63% and a net margin of 28.00%. Weibo's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. View Weibo's earnings history.

Weibo issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $319.342-339.3 million, compared to the consensus revenue estimate of $343.51 million.

8 brokerages have issued 12 month price objectives for Weibo's stock. Their forecasts range from $45.00 to $59.00. On average, they anticipate Weibo's stock price to reach $48.72 in the next twelve months. This suggests a possible upside of 45.3% from the stock's current price. View analysts' price targets for Weibo.

Press coverage about WB stock has been trending somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Weibo earned a daily sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the information services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutWeibo.

Weibo saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,255,200 shares, a decline of 11.0% from the February 27th total of 12,640,000 shares. Based on an average daily volume of 2,034,700 shares, the short-interest ratio is presently 5.5 days. Approximately 9.1% of the company's shares are sold short. View Weibo's Current Options Chain.

Some companies that are related to Weibo include IHS Markit (INFO), Twitter (TWTR), Match Group (MTCH), Snap (SNAP), Line (LN), Yandex (YNDX), FactSet Research Systems (FDS), Trade Desk (TTD), Pinterest (PINS), 58.com (WUBA), GDS (GDS), Wix.Com (WIX), InterXion (INXN), Stars Group (TSG) and HUYA (HUYA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Weibo investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), JD.Com (JD), Netflix (NFLX), Baidu (BIDU), Momo (MOMO), Square (SQ), SINA (SINA) and Advanced Micro Devices (AMD).

Weibo trades on the NASDAQ under the ticker symbol "WB."

Weibo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Platinum Investment Management Ltd. (0.63%), TB Alternative Assets Ltd. (0.38%), Half Sky Capital UK Ltd (0.38%), Macquarie Group Ltd. (0.35%), Macquarie Group Ltd. (0.35%) and Krane Funds Advisors LLC (0.33%).

WB stock was sold by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Bank of America Corp DE, SG Americas Securities LLC, Caisse DE Depot ET Placement DU Quebec, TB Alternative Assets Ltd., Swiss National Bank, Commerzbank Aktiengesellschaft FI, and Sei Investments Co..

WB stock was bought by a variety of institutional investors in the last quarter, including Half Sky Capital UK Ltd, Norges Bank, DNB Asset Management AS, KBC Group NV, Fiera Capital Corp, Krane Funds Advisors LLC, Greenwoods Asset Management Ltd, and BI Asset Management Fondsmaeglerselskab A S.

Shares of WB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WB stock can currently be purchased for approximately $33.53.

Weibo has a market capitalization of $7.55 billion and generates $1.77 billion in revenue each year. The information services provider earns $494.67 million in net income (profit) each year or $2.18 on an earnings per share basis. Weibo employs 4,350 workers across the globe. View additional information about Weibo.

The official website for Weibo is http://www.weibo.com/.

Weibo's mailing address is 8/F QIHAO PLAZA NO. 8 XINYUAN S. ROAD CHAOYANG DISTRICT, BEIJING F4, 100027. The information services provider can be reached via phone at 86-10-5898-3095 or via email at [email protected]