Weibo (NASDAQ:WB) Given a $55.00 Price Target by Barclays Analysts

Barclays set a $55.00 target price on Weibo (NASDAQ:WB) in a research note released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other research firms also recently weighed in on WB. BidaskClub upgraded Weibo from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. HSBC downgraded Weibo from a hold rating to a reduce rating and set a $45.54 price target for the company. in a research note on Friday, May 24th. Zacks Investment Research downgraded Weibo from a hold rating to a sell rating in a research note on Thursday, August 15th. TheStreet downgraded Weibo from a b- rating to a c+ rating in a research note on Friday, May 31st. Finally, ValuEngine upgraded Weibo from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $56.79.

WB stock opened at $39.62 on Wednesday. The company has a quick ratio of 3.44, a current ratio of 3.58 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $39.55 and a two-hundred day moving average price of $53.84. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 15.72 and a beta of 2.21. Weibo has a twelve month low of $34.26 and a twelve month high of $83.35.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Monday, August 19th. The information services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $431.80 million during the quarter, compared to the consensus estimate of $434.79 million. Weibo had a return on equity of 32.08% and a net margin of 33.01%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. On average, equities research analysts anticipate that Weibo will post 2.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of WB. Nomura Holdings Inc. raised its holdings in shares of Weibo by 78.3% during the 2nd quarter. Nomura Holdings Inc. now owns 194,608 shares of the information services provider’s stock worth $8,550,000 after buying an additional 85,461 shares in the last quarter. Natixis raised its holdings in shares of Weibo by 696.5% during the 2nd quarter. Natixis now owns 341,470 shares of the information services provider’s stock worth $14,871,000 after buying an additional 298,596 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Weibo by 205.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 185,237 shares of the information services provider’s stock worth $8,067,000 after buying an additional 124,679 shares in the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of Weibo by 11.9% during the 2nd quarter. Platinum Investment Management Ltd. now owns 3,096,729 shares of the information services provider’s stock worth $134,863,000 after buying an additional 328,248 shares in the last quarter. Finally, Private Capital Group LLC acquired a new position in shares of Weibo during the 2nd quarter worth $36,000. Institutional investors own 25.25% of the company’s stock.

About Weibo

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

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Analyst Recommendations for Weibo (NASDAQ:WB)

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