Weibo Corporation (NASDAQ:WB) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Weibo Corporation (NASDAQ:WB) have received a consensus rating of “Reduce” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $8.80.

A number of equities research analysts recently issued reports on the stock. Bank of America restated an “underperform” rating on shares of Weibo in a report on Friday, August 21st. Citigroup downgraded shares of Weibo from a “buy” rating to a “neutral” rating and cut their price target for the stock from $9.30 to $7.80 in a research note on Thursday, August 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weibo in a report on Friday, July 24th. Zacks Research raised shares of Weibo from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $9.80 price objective on shares of Weibo in a report on Thursday, May 28th.

Institutional Investors Weigh In On Weibo

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in Weibo by 337.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,876 shares of the information services provider’s stock worth $34,000 after buying an additional 2,990 shares in the last quarter. WealthCollab LLC increased its position in shares of Weibo by 50.1% during the fourth quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,709 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Weibo in the second quarter worth about $61,000. Nykredit A S acquired a new position in shares of Weibo in the second quarter worth about $93,000. Finally, FourThought Financial Partners LLC purchased a new position in Weibo in the fourth quarter valued at about $110,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Weibo Stock Down 1.1%

WB opened at $7.04 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.59 and a current ratio of 3.59. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 4.28 and a beta of 0.18. Weibo has a one year low of $6.89 and a one year high of $12.96. The business’s fifty day moving average is $7.62 and its two-hundred day moving average is $8.41.

Weibo (NASDAQ:WB) last posted its earnings results on Thursday, August 20th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Weibo had a return on equity of 8.87% and a net margin of 17.78%.The firm had revenue of $453.83 million for the quarter, compared to analyst estimates of $442.45 million. Analysts anticipate that Weibo will post 1.26 EPS for the current fiscal year.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.