Weibo (WB) Downgraded by ValuEngine

Weibo (NASDAQ:WB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Other analysts have also recently issued research reports about the company. BidaskClub cut Weibo from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Benchmark lowered their price target on Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Citigroup reiterated a “buy” rating and set a $126.00 price objective (up from $102.00) on shares of Weibo in a research report on Thursday, September 14th. Barclays increased their price objective on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Weibo from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Weibo has a consensus rating of “Buy” and a consensus price target of $97.31.

Weibo (NASDAQ:WB) traded down $0.87 during trading hours on Friday, hitting $103.46. The company’s stock had a trading volume of 606,300 shares, compared to its average volume of 1,640,000. Weibo has a 1 year low of $40.31 and a 1 year high of $123.00. The stock has a market cap of $22,810.00, a PE ratio of 88.43 and a beta of 2.52.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The firm had revenue of $320.00 million for the quarter, compared to analysts’ expectations of $297.20 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 80.9% compared to the same quarter last year. equities analysts forecast that Weibo will post 1.5 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. NEXT Financial Group Inc grew its position in Weibo by 9,900.0% during the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after acquiring an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in Weibo during the 3rd quarter worth approximately $105,000. Risk Paradigm Group LLC bought a new position in Weibo during the 3rd quarter worth approximately $109,000. Castleark Management LLC bought a new position in Weibo during the 2nd quarter worth approximately $110,000. Finally, Pinnacle Financial Partners Inc. bought a new position in Weibo during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 21.95% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This article was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2018/01/01/weibo-wb-downgraded-by-valuengine.html.

Weibo Company Profile

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply