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 shares have decreased by 24.9% and is now trading at $29.88. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 6 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) issued its quarterly earnings data on Tuesday, May, 19th. The information services provider reported $0.30 earnings per share (EPS) 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 analysts' expectations of $315.02 million. Weibo had a net margin of 23.44% and a return on equity of 18.49%. The company's quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. View Weibo's earnings history.

Weibo updated its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 19th. The company provided EPS 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 brokers have issued 12-month price objectives for Weibo's shares. Their forecasts range from $34.50 to $59.00. On average, they anticipate Weibo's stock price to reach $45.38 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price. View analysts' price targets for Weibo.

News articles about WB stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. 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 -4.5 on InfoTrie's scale. They also assigned media coverage about the information services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutWeibo.

Weibo saw a increase in short interest in 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 presently 5.3 days. Currently, 8.4% of the company's stock are short sold. View Weibo's Current Options Chain.

Some companies that are related to Weibo include Twitter (TWTR), Snap (SNAP), Match Group (MTCH), Trade Desk (TTD), Yandex (YNDX), Line (LN), FactSet Research Systems (FDS), Pinterest (PINS), 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 many different institutional and retail investors. Top institutional investors 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 $29.88.

Weibo has a market capitalization of $6.72 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]