Weibo Co. (NASDAQ:WB) Receives Consensus Recommendation of “Hold” from Analysts

Weibo Co. (NASDAQ:WB) has received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.23.

WB has been the topic of a number of research reports. StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley decreased their target price on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a research note on Friday, August 23rd. Nomura Securities raised shares of Weibo to a “hold” rating in a research note on Monday, August 26th. Finally, Citigroup boosted their target price on shares of Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, September 30th.

Hedge Funds Weigh In On Weibo

A number of hedge funds have recently modified their holdings of WB. Deltec Asset Management LLC acquired a new position in Weibo in the second quarter valued at $82,000. Seven Eight Capital LP acquired a new position in Weibo in the second quarter valued at $110,000. Creative Planning acquired a new position in Weibo in the third quarter valued at $112,000. Bayesian Capital Management LP acquired a new position in Weibo in the first quarter valued at $123,000. Finally, Diversified Trust Co bought a new stake in Weibo in the third quarter valued at $194,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Performance

Shares of NASDAQ:WB opened at $9.27 on Tuesday. The company’s 50 day simple moving average is $8.60 and its 200 day simple moving average is $8.46. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.56 and a beta of 0.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.34 and a quick ratio of 2.34. Weibo has a 1 year low of $7.03 and a 1 year high of $12.65.

Weibo (NASDAQ:WB) last posted its 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. The firm had revenue of $437.90 million for the quarter, compared to analysts’ expectations of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts predict that Weibo will post 1.48 EPS for the current fiscal year.

About Weibo

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.