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 increased by 5.6% and is now trading at $55.54.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 58.com in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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58.com is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020.
View our earnings forecast for 58.com.

58.com Inc (NYSE:WUBA) issued its earnings results on Friday, June, 26th. The information services provider reported $1.53 EPS for the quarter. The information services provider earned $361.37 million during the quarter. 58.com had a return on equity of 30.81% and a net margin of 61.33%.
View 58.com's earnings history.

7 analysts have issued twelve-month price targets for 58.com's stock. Their forecasts range from $53.00 to $72.00. On average, they expect 58.com's stock price to reach $59.80 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for 58.com.

Headlines about WUBA stock have trended very negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. 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 coverage optimism score of -3.3 on InfoTrie's scale. They also assigned media stories about the information services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about 58.com.

58.com saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,430,000 shares, a drop of 6.5% from the June 15th total of 1,530,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.2% of the shares of the company are short sold.
View 58.com's Current Options Chain.

Some companies that are related to 58.com include Snap (SNAP), Twitter (TWTR), Trade Desk (TTD), Pinterest (PINS), Yandex (YNDX), Wix.Com (WIX), FactSet Research Systems (FDS), Livongo Health (LVGO), GDS (GDS), Line (LN), Weibo (WB), HUYA (HUYA), Legend Biotech (DADA), DouYu International (DOYU) and Switch (SWCH).
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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), Netflix (NFLX), Tesla (TSLA), YY (YY), Twitter (TWTR), JD.Com (JD) and Weibo (WB).

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

58.com's stock is owned by a variety of institutional and retail investors. Top institutional investors include Genesis Investment Management LLP (3.24%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Swiss National Bank (0.18%), Assenagon Asset Management S.A. (0.14%), Comgest Global Investors S.A.S. (0.13%) and Hosking Partners LLP (0.11%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Comgest Global Investors S.A.S., Global Thematic Partners LLC, Russell Investments Group Ltd., Hosking Partners LLP, Sumitomo Mitsui Trust Holdings Inc., Prudential PLC, and NN Investment Partners Holdings N.V..

WUBA stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Havens Advisors LLC, Dupont Capital Management Corp, Andra AP fonden, Swiss National Bank, SG Americas Securities LLC, First Trust Advisors LP, and Profund Advisors 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 $55.54.

58.com has a market capitalization of $8.26 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 21,347 workers across the globe.

The official website for 58.com is www.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.