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 earnings results on Monday, November, 18th. The information services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.29. The information services provider earned $602 million during 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 firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. 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 issued an update on its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share 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 target prices 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 twelve months. This suggests a possible upside of 19.6% 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.

Press coverage about WUBA stock has been trending negative recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. 58.com earned a news impact score of -2.4 on InfoTrie's scale. They also gave news stories about the information services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for 58.com.

58.com saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,630,000 shares, an increase of 15.9% from the December 31st total of 2,270,000 shares. Based on an average trading volume of 679,800 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.2% 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 IHS Markit (INFO), Twitter (TWTR), Zoom Video Communications (ZM), Snap (SNAP), Match Group (MTCH), Yandex (YNDX), Trade Desk (TTD), Pinterest (PINS), Line (LN), FactSet Research Systems (FDS), Weibo (WB), InterXion (INXN), Stars Group (TSG), Wix.Com (WIX) 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), Micron Technology (MU), YY (YY), Netflix (NFLX), Twitter (TWTR), JD.Com (JD), Tesla (TSLA) and Intel (INTC).

58.com's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Standard Life Aberdeen plc (5.02%), Genesis Investment Management LLP (4.82%), Baillie Gifford & Co. (2.99%), Coronation Fund Managers Ltd. (2.86%), Investec Asset Management LTD (2.36%) and Platinum Investment Management Ltd. (1.64%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Coronation Fund Managers Ltd., Lakewood Capital Management LP, Acadian Asset Management LLC, Amundi Pioneer Asset Management Inc., Baillie Gifford & Co., Matthews International Capital Management LLC and Franklin Resources Inc..

WUBA stock was purchased by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Platinum Investment Management Ltd., Global Thematic Partners LLC, Marshall Wace North America L.P., Investec Asset Management LTD, Krane Funds Advisors LLC, Goldman Sachs Group Inc. and NS Partners 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 $57.57.

58.com has a market capitalization of $8.56 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.