NASDAQ:WB - Weibo Stock Price, Forecast & News

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

Weibo Corp (NASDAQ:WB) released its quarterly earnings data on Wednesday, February, 26th. The information services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.11. The information services provider earned $468.10 million during the quarter, compared to analysts' expectations of $469.99 million. Weibo had a net margin of 28.00% and a return on equity of 24.35%. Weibo's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. View Weibo's Earnings History.

Weibo is scheduled to release their next quarterly earnings announcement on Thursday, May 28th 2020. View Earnings Estimates for Weibo.

Weibo issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided earnings per share (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.

11 Wall Street analysts have issued 12-month price objectives for Weibo's shares. Their forecasts range from $45.00 to $59.00. On average, they expect Weibo's stock price to reach $48.72 in the next year. This suggests a possible upside of 15.6% 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, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Weibo.

Media headlines about WB stock have trended negative this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Weibo earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave news headlines about the information services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Weibo.

Weibo saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 13,210,000 shares, an increase of 11.1% from the January 30th total of 11,890,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 6.7 days. Currently, 10.7% of the shares of the company are sold short. View Weibo's Current Options Chain.

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

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 a number of of retail and institutional 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%), Krane Funds Advisors LLC (0.33%) and Fiera Capital Corp (0.27%).

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 $42.14.

Weibo has a market capitalization of $9.48 billion and generates $1.77 billion in revenue each year. The information services provider earns $571.82 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]