58.com Stock Price, Forecast & Analysis (NYSE:WUBA)

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

58.com Inc (NYSE:WUBA) issued its earnings results on Monday, November, 18th. The information services provider reported $0.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.29. The information services provider had revenue of $602 million for the quarter, compared to the consensus estimate of $589.12 million. 58.com had a net margin of 41.67% and a return on equity of 25.35%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $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.

7 brokerages have issued 1-year price objectives for 58.com's stock. 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 twelve months. This suggests a possible upside of 8.6% 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.

Press coverage about WUBA stock has trended positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. 58.com earned a news sentiment score of 3.0 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 media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for 58.com.

58.com saw a drop in short interest in the month of October. As of October 15th, there was short interest totalling 3,030,000 shares, a drop of 11.1% from the September 15th total of 3,410,000 shares. Based on an average daily volume of 797,500 shares, the days-to-cover ratio is presently 3.8 days. Approximately 2.6% of the company's shares are short sold. View 58.com's Current Options Chain.

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

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

58.com's stock is owned by many different of institutional and retail investors. Top institutional investors include Genesis Investment Management LLP (5.47%), Coronation Fund Managers Ltd. (3.48%), Comgest Global Investors S.A.S. (0.48%), Maple Brown Abbott Ltd (0.25%), Matthews International Capital Management LLC (0.25%) and Sumitomo Mitsui Trust Holdings Inc. (0.21%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including KEYWISE CAPITAL MANAGEMENT Ltd, Russell Investments Group Ltd., Handelsbanken Fonder AB, River & Mercantile Asset Management LLP, First Trust Advisors LP, Quadrant Capital Group LLC, Malaga Cove Capital LLC and Comerica Bank.

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, Maple Brown Abbott Ltd, Great West Life Assurance Co. Can and Matthews International Capital Management LLC.

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 $56.77.

58.com has a market capitalization of $8.44 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.