NASDAQ:WB - Weibo 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. Since then, WB stock has decreased by 17.4% and is now trading at $32.86. View which stocks have been mosted 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, 4 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 Thursday, May 28th 2020. View our earnings forecast for Weibo.

Weibo Corp (NASDAQ:WB) posted its quarterly earnings data on Wednesday, February, 26th. The information services provider reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.11. The information services provider had revenue of $468.10 million for the quarter, compared to analyst estimates of $469.99 million. Weibo had a return on equity of 23.63% and a net margin of 28.00%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. View Weibo's earnings history.

Weibo updated its first quarter 2020 Pre-Market earnings guidance on Wednesday, February, 26th. The company provided 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.

8 brokerages have issued 12-month price objectives for Weibo's stock. Their forecasts range from $45.00 to $59.00. On average, they anticipate Weibo's share price to reach $48.72 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price. View analysts' price targets for Weibo.

News stories about WB stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. 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 coverage optimism score of 1.5 on InfoTrie's scale. They also gave media headlines about the information services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutWeibo.

Weibo saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 11,255,200 shares, a drop of 11.0% from the February 27th total of 12,640,000 shares. Based on an average daily volume of 2,034,700 shares, the days-to-cover ratio is currently 5.5 days. Approximately 9.1% of the shares of the company are short sold. View Weibo's Current Options Chain.

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

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

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 $32.86.

Weibo has a market capitalization of $7.39 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. 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]