Weibo - WB Stock Forecast, Price & News

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark decreased their price objective on shares of Weibo from $56.00 to $39.00 in a research report on Wednesday, June 1st. StockNews.com cut shares of Weibo from a "buy" rating to a "hold" rating in a research report on Friday, July 29th. HSBC decreased their price objective on shares of Weibo from $31.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, June 2nd. Finally, CLSA decreased their price objective on shares of Weibo from $45.00 to $42.70 and set a "buy" rating on the stock in a research report on Wednesday, May 18th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Weibo has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Weibo Trading Down 0.6 %

Shares of NASDAQ:WB traded down $0.11 during trading on Friday, reaching $19.47. 375,019 shares of the company traded hands, compared to its average volume of 702,988. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.05 and a beta of 0.65. Weibo has a 52-week low of $17.73 and a 52-week high of $55.27. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.43. The business's fifty day moving average is $21.26 and its 200-day moving average is $23.89.

Weibo (NASDAQ:WB - Get Rating) last released its quarterly earnings data on Wednesday, June 1st. The information services provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $484.60 million during the quarter, compared to analyst estimates of $473.58 million. Weibo had a return on equity of 14.51% and a net margin of 13.62%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. As a group, analysts forecast that Weibo will post 2.12 EPS for the current year.