58.com (WUBA) Getting Somewhat Positive Press Coverage, Report Shows

Media stories about 58.com (NYSE:WUBA) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. 58.com earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 46.6535349002673 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

58.com (NYSE WUBA) traded down $5.43 during trading on Monday, reaching $66.98. The company’s stock had a trading volume of 1,465,429 shares, compared to its average volume of 1,312,794. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $10,608.79, a price-to-earnings ratio of 97.85 and a beta of 2.15. 58.com has a one year low of $27.58 and a one year high of $79.79.

A number of analysts recently issued reports on WUBA shares. Deutsche Bank upgraded 58.com from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $70.00 in a report on Tuesday, August 22nd. TheStreet upgraded 58.com from a “c+” rating to a “b-” rating in a report on Friday, November 10th. Zacks Investment Research upgraded 58.com from a “hold” rating to a “strong-buy” rating and set a $77.00 target price for the company in a report on Tuesday, September 19th. upgraded 58.com from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $69.00 in a report on Tuesday, August 22nd. Finally, Citigroup started coverage on 58.com in a report on Tuesday, August 8th. They set a “buy” rating and a $62.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $55.50.

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58.com Company Profile

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.

Insider Buying and Selling by Quarter for 58.com (NYSE:WUBA)

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