NASDAQ:WBWeibo Stock Price, Forecast & News

Weibo's stock was trading at $39.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WB stock has decreased by 10.2% and is now trading at $35.72.
View which stocks have been most impacted by COVID-19.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 5 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 Monday, August 17th 2020.
View our earnings forecast for Weibo.

Weibo Corp (NASDAQ:WB) issued its quarterly earnings results on Tuesday, May, 19th. The information services provider reported $0.30 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.06. The information services provider earned $323.40 million during the quarter, compared to the consensus estimate of $315.02 million. Weibo had a return on equity of 18.14% and a net margin of 23.44%. The business's quarterly revenue was down 19.0% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share.
View Weibo's earnings history.

Weibo issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $380.016-401.607 million, compared to the consensus revenue estimate of $386 million.

9 brokerages have issued 12 month target prices for Weibo's stock. Their forecasts range from $34.50 to $59.00. On average, they anticipate Weibo's share price to reach $45.00 in the next year. This suggests a possible upside of 26.0% from the stock's current price.
View analysts' price targets for Weibo.

News articles about WB stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Weibo earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave news stories 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 effect on the company's share price in the next few days.
View the latest news about Weibo.

Weibo saw a increase in short interest during the month of May. As of May 29th, there was short interest totaling 12,650,000 shares, an increase of 17.3% from the May 14th total of 10,780,000 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 6.9 days.
View Weibo's Short Interest.

Some companies that are related to Weibo include Twitter (TWTR), Trade Desk (TTD), Pinterest (PINS), Yandex (YNDX), Wix.Com (WIX), FactSet Research Systems (FDS), Line (LN), GDS (GDS), Livongo Health (LVGO), 58.com (WUBA), Legend Biotech (DADA), HUYA (HUYA), DouYu International (DOYU), Medallia (MDLA) and Switch (SWCH).
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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), Advanced Micro Devices (AMD) and SINA (SINA).

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

Weibo's stock is owned by many different institutional and retail investors. Top institutional investors include ARGA Investment Management LP (0.92%), Federated Hermes Inc. (0.53%), Macquarie Group Ltd. (0.34%), Krane Funds Advisors LLC (0.29%), TB Alternative Assets Ltd. (0.24%) and Sumitomo Mitsui Trust Holdings Inc. (0.11%).

WB stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Federated Hermes Inc., TB Alternative Assets Ltd., Russell Investments Group Ltd., Neumann Advisory Hong Kong Ltd, William Blair Investment Management LLC, Prudential PLC, and Tealwood Asset Management Inc..

WB stock was bought by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, SG Americas Securities LLC, Bridgewater Associates LP, New York State Common Retirement Fund, Nordea Investment Management AB, Swiss National Bank, Sumitomo Mitsui Trust Holdings Inc., and California Public Employees Retirement System.

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 $35.72.

Weibo has a market capitalization of $8.04 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 4,126 workers across the globe.

The official website for Weibo is ir.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]