Weibo (NASDAQ:WB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $153.00 price target on the information services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 13.58% from the stock’s current price.
According to Zacks, “Weibo Corporation operates as a social media platform for people to create, distribute and discover Chinese-language content. The Company operates in two segments: Advertising and Marketing Services, and Other Services. The company offers self-expression products; social products; discovery products; notifications; third-party online games. Weibo also develops mobile apps, such as Weibo Headlines; Weibo Weather and WeiDisk. It also provides advertising and marketing solutions, including social display ads and promoted marketing products. Weibo Corporation is headquartered in Beijing, China. “
A number of other equities research analysts have also commented on the company. Benchmark decreased their price target on Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Morgan Stanley initiated coverage on Weibo in a research report on Friday, January 5th. They set an “overweight” rating and a $130.00 price target on the stock. UBS Group initiated coverage on Weibo in a research report on Tuesday, January 2nd. They set a “buy” rating and a $125.00 price target on the stock. Barclays increased their price target on Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Finally, ValuEngine lowered Weibo from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $117.41.
Shares of Weibo (NASDAQ:WB) traded down $2.04 on Friday, hitting $134.71. The stock had a trading volume of 1,354,700 shares, compared to its average volume of 2,023,085. Weibo has a fifty-two week low of $47.36 and a fifty-two week high of $142.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.23 and a current ratio of 4.22. The firm has a market cap of $30,251.42, a PE ratio of 85.80 and a beta of 2.65.
Weibo (NASDAQ:WB) last released its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. Weibo had a return on equity of 35.57% and a net margin of 30.66%. Weibo’s revenue for the quarter was up 77.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. analysts anticipate that Weibo will post 2.57 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc boosted its position in shares of Weibo by 9,900.0% in the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after purchasing an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of Weibo in the 3rd quarter worth $105,000. Risk Paradigm Group LLC bought a new position in shares of Weibo in the 3rd quarter worth $109,000. Calton & Associates Inc. bought a new position in shares of Weibo in the 4th quarter worth $246,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Weibo in the 4th quarter worth $203,000. Hedge funds and other institutional investors own 22.67% of the company’s stock.
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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.
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