NYSE:WUBA - 58.com Stock Price, Forecast & News

58.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "WUBA."

58.com Inc (NYSE:WUBA) posted its quarterly earnings results on Monday, November, 18th. The information services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.29. The information services provider earned $602 million during the quarter, compared to analysts' expectations of $589.12 million. 58.com had a net margin of 40.54% and a return on equity of 24.00%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. View 58.com's Earnings History.

58.com is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for 58.com.

58.com updated its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$572.608-586.747 million, compared to the consensus revenue estimate of $$585.93 million.

7 analysts have issued 12 month target prices for 58.com's shares. Their forecasts range from $40.00 to $83.00. On average, they anticipate 58.com's stock price to reach $61.66 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View Analyst Price Targets for 58.com.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 58.com in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 58.com.

Headlines about WUBA stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. 58.com earned a daily sentiment score of 0.7 on InfoTrie's scale. They also gave news headlines about the information services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for 58.com.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other 58.com investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Micron Technology (MU), YY (YY), Twitter (TWTR), Netflix (NFLX), Intel (INTC), JD.Com (JD) and Tesla (TSLA).

58.com's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Genesis Investment Management LLP (5.47%), Coronation Fund Managers Ltd. (3.48%), State Street Corp (1.32%), Comgest Global Investors S.A.S. (0.48%), Maple Brown Abbott Ltd (0.25%) and Matthews International Capital Management LLC (0.25%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, KEYWISE CAPITAL MANAGEMENT Ltd, Russell Investments Group Ltd., Handelsbanken Fonder AB, Penserra Capital Management LLC, Pictet Asset Management Ltd., Barclays PLC and River & Mercantile Asset Management LLP.

WUBA stock was acquired by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Coronation Fund Managers Ltd., Comgest Global Investors S.A.S., GW&K Investment Management LLC, California Public Employees Retirement System, State Street Corp, Maple Brown Abbott Ltd and Maverick Capital Ltd..

Shares of WUBA 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 WUBA stock can currently be purchased for approximately $60.37.

58.com has a market capitalization of $8.98 billion and generates $1.91 billion in revenue each year. The information services provider earns $310.23 million in net income (profit) each year or $1.94 on an earnings per share basis. 58.com employs 22,916 workers across the globe.View Additional Information About 58.com.

The official website for 58.com is http://g.58.com/.

58.com's mailing address is Building 105 10 Jiuxianqiao North Road Jia, Beijing F4, 100015. The information services provider can be reached via phone at 86-10-5956-5858.