Weibo Co. (NASDAQ:WB) Given Consensus Rating of “Hold” by Analysts

Weibo Co. (NASDAQ:WB) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.23.

WB has been the topic of several research analyst reports. Morgan Stanley cut their price objective on Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Citigroup raised their price objective on shares of Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Nomura Securities upgraded Weibo to a “hold” rating in a research report on Monday, August 26th. Finally, StockNews.com cut Weibo from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th.

Weibo Stock Down 0.9 %

Shares of NASDAQ WB opened at $9.01 on Tuesday. The company’s 50 day moving average price is $8.51 and its 200-day moving average price is $8.45. Weibo has a 52-week low of $7.03 and a 52-week high of $12.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market capitalization of $2.11 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 1.53 and a beta of 0.23.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Weibo had a return on equity of 11.01% and a net margin of 18.52%. The business had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. During the same period in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that Weibo will post 1.48 earnings per share for the current year.

Institutional Trading of Weibo

Large investors have recently added to or reduced their stakes in the stock. Deltec Asset Management LLC bought a new position in shares of Weibo in the 2nd quarter worth approximately $82,000. Seven Eight Capital LP bought a new position in Weibo in the second quarter worth $110,000. Creative Planning purchased a new position in Weibo during the third quarter valued at $112,000. Bayesian Capital Management LP bought a new stake in shares of Weibo during the 1st quarter valued at $123,000. Finally, Diversified Trust Co purchased a new stake in shares of Weibo in the 3rd quarter worth about $194,000. Institutional investors own 68.77% of the company’s stock.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.