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

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

58.com Inc (NYSE:WUBA) announced its earnings results on Tuesday, May, 28th. The information services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The information services provider earned $438.30 million during the quarter, compared to the consensus estimate of $434.43 million. 58.com had a net margin of 18.44% and a return on equity of 11.48%. The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. View 58.com's Earnings History.

58.com is scheduled to release their next quarterly earnings announcement on Thursday, August 22nd 2019. View Earnings Estimates for 58.com.

58.com will be holding an earnings conference call on Thursday, August 22nd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

7 Wall Street analysts have issued 12-month price objectives for 58.com's stock. Their forecasts range from $40.00 to $83.00. On average, they expect 58.com's stock price to reach $61.6575 in the next twelve months. This suggests a possible upside of 10.1% 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, 3 hold ratings and 3 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 positive this week, InfoTrie reports. The research firm scores the sentiment of press 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 five, with scores nearest to five being the most favorable. 58.com earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next several days. View News Stories for 58.com.

58.com saw a increase in short interest in July. As of July 31st, there was short interest totalling 2,807,200 shares, an increase of 50.3% from the June 30th total of 1,868,300 shares. Based on an average daily volume of 871,100 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.5% of the shares of the company are sold short. View 58.com's Current Options Chain.

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

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

58.com's stock is owned by a number of of retail and institutional investors. Top institutional investors include Genesis Asset Managers LLP (5.44%), Price T Rowe Associates Inc. MD (5.11%), BlackRock Inc. (3.37%), Baillie Gifford & Co. (3.24%), Coronation Fund Managers Ltd. (2.84%) and Vanguard Group Inc. (2.41%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Platinum Investment Management Ltd., Acadian Asset Management LLC, BlackRock Inc., Marshall Wace LLP, Krane Funds Advisors LLC, Renaissance Technologies LLC and Coronation Fund Managers Ltd..

WUBA stock was bought by a variety of institutional investors in the last quarter, including Hillhouse Capital Advisors LTD., Price T Rowe Associates Inc. MD, Man Group plc, KEYWISE CAPITAL MANAGEMENT Ltd, Dragoneer Investment Group LLC, Ward Ferry Management BVI Ltd, Nuveen Asset Management LLC and Genesis Asset Managers LLP.

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, Scottrade, Fidelity and Charles Schwab.

One share of WUBA stock can currently be purchased for approximately $56.00.

58.com has a market capitalization of $8.20 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.