NASDAQ:WB - Weibo Stock Price, Forecast & News

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

Weibo Corp (NASDAQ:WB) issued its quarterly earnings results on Thursday, November, 14th. The information services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. The information services provider earned $467.75 million during the quarter, compared to analysts' expectations of $471.84 million. Weibo had a return on equity of 28.88% and a net margin of 31.79%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. View Weibo's Earnings History.

Weibo is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Weibo.

Weibo issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$481.875-496.331 million, compared to the consensus revenue estimate of $$496.27 million.

11 equities research analysts have issued 12-month target prices for Weibo's stock. Their forecasts range from $45.00 to $59.00. On average, they expect Weibo's share price to reach $50.59 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View Analyst Price Targets for Weibo.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Weibo.

News headlines about WB stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Weibo earned a media sentiment score of 0.6 on InfoTrie's scale. They also assigned news headlines about the information services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Weibo.

Weibo saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,890,000 shares, an increase of 5.4% from the January 15th total of 11,280,000 shares. Based on an average daily volume of 1,936,000 shares, the days-to-cover ratio is presently 6.1 days. Currently, 9.7% of the company's stock are short sold. View Weibo's Current Options Chain.

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

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's stock is owned by many different 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%), Krane Funds Advisors LLC (0.33%), Fiera Capital Corp (0.27%) and Contrarius Investment Management Ltd (0.25%).

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, DNB Asset Management AS, KBC Group NV, Fiera Capital Corp, Krane Funds Advisors LLC, Greenwoods Asset Management Ltd, Comgest Global Investors S.A.S. and Sumitomo Mitsui Trust Holdings Inc..

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 $42.95.

Weibo has a market capitalization of $9.67 billion and generates $1.72 billion in revenue each year. The information services provider earns $571.82 million in net income (profit) each year or $2.52 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]