NASDAQ:WBWeibo 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 22.6% and is now trading at $30.77. View which stocks have been most 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, 5 hold ratings and 2 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) posted its quarterly earnings data on Tuesday, May, 19th. The information services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. The information services provider earned $323.40 million during the quarter, compared to analysts' expectations of $315.02 million. Weibo had a return on equity of 18.14% and a net margin of 23.44%. Weibo's quarterly revenue was down 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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.

8 analysts have issued 12-month price targets for Weibo's stock. Their forecasts range from $34.50 to $59.00. On average, they expect Weibo's stock price to reach $45.43 in the next twelve months. This suggests a possible upside of 47.6% from the stock's current price. View analysts' price targets for Weibo.

News coverage about WB stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Weibo earned a news impact score of 2.0 on InfoTrie's scale. They also gave news coverage 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 stock's share price in the next several days. View the latest news aboutWeibo.

Weibo saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,340,000 shares, an increase of 8.3% from the March 31st total of 9,550,000 shares. Based on an average daily trading volume, of 1,938,800 shares, the days-to-cover ratio is currently 5.3 days. Currently, 8.4% of the shares of the company are sold short. View Weibo's Current Options Chain.

Some companies that are related to Weibo include Twitter (TWTR), Match Group (MTCH), Snap (SNAP), Trade Desk (TTD), Yandex (YNDX), Line (LN), Pinterest (PINS), FactSet Research Systems (FDS), Wix.Com (WIX), Stars Group (TSG), 58.com (WUBA), GDS (GDS), InterXion (INXN), Livongo Health (LVGO) and Switch (SWCH). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Weibo investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.Com (JD), Micron Technology (MU), 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 variety of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (1.77%), Fisher Asset Management LLC (1.55%), BlackRock Inc. (1.10%), Federated Hermes Inc. (0.64%), ARGA Investment Management LP (0.48%) and Krane Funds Advisors LLC (0.44%).

WB stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Contrarius Investment Management Ltd, KBC Group NV, TB Alternative Assets Ltd., Fisher Asset Management LLC, Commerzbank Aktiengesellschaft FI, Neumann Advisory Hong Kong Ltd, and BlackRock Inc..

WB stock was purchased by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, Invesco Ltd., Krane Funds Advisors LLC, Fiera Capital Corp, Federated Hermes Inc., Canada Pension Plan Investment Board, Engineers Gate Manager LP, 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 $30.77.

Weibo has a market capitalization of $6.92 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.

The official website for Weibo is 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]