NYSE:WUBA58.com Stock Price, Forecast & News

58.com's stock was trading at $52.58 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WUBA stock has decreased by 8.7% and is now trading at $48.00. 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 Wednesday, August 19th 2020. View our earnings forecast for 58.com.

58.com Inc (NYSE:WUBA) released its quarterly earnings data on Wednesday, March, 11th. The information services provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $0.63 by $1.85. The information services provider earned $595.67 million during the quarter, compared to analysts' expectations of $585.71 million. 58.com had a net margin of 53.25% and a return on equity of 30.01%. View 58.com's earnings history.

7 equities research analysts have issued 12 month price objectives for 58.com's shares. Their forecasts range from $53.00 to $72.00. On average, they expect 58.com's stock price to reach $61.88 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price. View analysts' price targets for 58.com.

Press coverage about WUBA stock has been trending positive on Thursday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 58.com earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned media headlines about the information services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news about58.com.

58.com saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,210,000 shares, a drop of 8.3% from the April 30th total of 1,320,000 shares. Based on an average trading volume of 818,300 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% 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), Twitter (TWTR), Match Group (MTCH), Snap (SNAP), Trade Desk (TTD), Yandex (YNDX), Line (LN), FactSet Research Systems (FDS), Pinterest (PINS), Wix.Com (WIX), Stars Group (TSG), Weibo (WB), GDS (GDS), InterXion (INXN) and Livongo Health (LVGO). View all competitors.

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 retail and institutional investors. Top institutional shareholders include Genesis Investment Management LLP (4.62%), Coronation Fund Managers Ltd. (3.30%), Carmignac Gestion (3.24%), Baillie Gifford & Co. (2.99%), BlackRock Inc. (2.78%) and Wellington Management Group LLP (2.07%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Franklin Resources Inc., MERIAN GLOBAL INVESTORS UK Ltd, Acadian Asset Management LLC, Morgan Stanley, Morgan Stanley, APG Asset Management N.V., and Deutsche Bank AG.

WUBA stock was purchased by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Wellington Management Group LLP, Davis Selected Advisers, Carmignac Gestion, Bogle Investment Management L P DE, Intellectus Partners LLC, Caisse DE Depot ET Placement DU Quebec, and Invesco 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 $48.00.

58.com has a market capitalization of $7.14 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.

The official website for 58.com is 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.