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) announced its quarterly earnings results on Monday, November, 18th. The information services provider reported $0.96 earnings per share (EPS) for the quarter, beating the 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 40.54% and a return on equity of 24.00%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm 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.

58.com updated its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (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.

6 brokerages have issued 12 month price targets for 58.com's shares. Their forecasts range from $57.23 to $83.00. On average, they anticipate 58.com's share price to reach $68.88 in the next year. This suggests a possible upside of 10.0% from the stock's current price. View Analyst Price Targets for 58.com.

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

Media coverage about WUBA stock has been trending extremely negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 58.com earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for 58.com.

58.com saw a increase in short interest in December. As of December 31st, there was short interest totalling 2,630,000 shares, an increase of 15.9% from the December 15th total of 2,270,000 shares. Based on an average daily volume of 685,200 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.2% 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), Snap (SNAP), Twitter (TWTR), Match Group (MTCH), Zoom Video Communications (ZM), Yandex (YNDX), Trade Desk (TTD), Pinterest (PINS), Line (LN), FactSet Research Systems (FDS), Weibo (WB), Stars Group (TSG), Wix.Com (WIX), InterXion (INXN) and GDS (GDS).

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

58.com's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Genesis Investment Management LLP (4.82%), Coronation Fund Managers Ltd. (2.86%), Global Thematic Partners LLC (0.39%) and Harel Insurance Investments & Financial Services Ltd. (0.00%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP and Coronation Fund Managers Ltd..

WUBA stock was bought by a variety of institutional investors in the last quarter, including Global Thematic Partners LLC and Harel Insurance Investments & Financial Services 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 $62.59.

58.com has a market capitalization of $9.31 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.