NYSE:WUBA58.com Stock Price, Forecast & News

58.com's stock was trading at $52.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WUBA stock has decreased by 1.6% and is now trading at $51.76. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 58.com in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for 58.com.

58.com is scheduled to release its next quarterly earnings announcement on Tuesday, May 26th 2020. View our earnings forecast for 58.com.

58.com Inc (NYSE:WUBA) issued its earnings results on Wednesday, March, 11th. The information services provider reported $2.48 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $1.85. The information services provider had revenue of $595.67 million for the quarter, compared to analyst estimates of $585.71 million. 58.com had a return on equity of 30.01% and a net margin of 53.25%. View 58.com's earnings history.

7 Wall Street analysts have issued twelve-month target prices for 58.com's shares. Their forecasts range from $53.00 to $72.00. On average, they anticipate 58.com's stock price to reach $61.88 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price. View analysts' price targets for 58.com.

Headlines about WUBA stock have trended very negative recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. 58.com earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media headlines about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about58.com.

58.com saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,628,400 shares, an increase of 6.0% from the February 27th total of 2,480,000 shares. Based on an average trading volume of 786,500 shares, the short-interest ratio is presently 3.3 days. Currently, 2.3% of the company's stock are sold short. 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), Yandex (YNDX), Line (LN), FactSet Research Systems (FDS), Pinterest (PINS), Trade Desk (TTD), Weibo (WB), Stars Group (TSG), InterXion (INXN), GDS (GDS), Wix.Com (WIX) and Switch (SWCH).

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), Netflix (NFLX), Tesla (TSLA), Twitter (TWTR), JD.Com (JD) and Intel (INTC).

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

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 $51.76.

58.com has a market capitalization of $7.70 billion and generates $2.23 billion in revenue each year. The information services provider earns $1.21 billion in net income (profit) each year or $7.87 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.