Somewhat Positive News Coverage Somewhat Unlikely to Impact Weibo (WB) Stock Price

Press coverage about Weibo (NASDAQ:WB) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weibo earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.0306562179679 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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WB stock traded up $4.45 during midday trading on Friday, reaching $119.54. The company had a trading volume of 2,127,319 shares, compared to its average volume of 1,813,904. The company has a market cap of $26,444.28, a PE ratio of 76.63 and a beta of 2.57. Weibo has a 1-year low of $48.82 and a 1-year high of $142.12. The company has a quick ratio of 2.23, a current ratio of 4.22 and a debt-to-equity ratio of 0.74.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $377.40 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. analysts anticipate that Weibo will post 2.58 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on WB shares. UBS started coverage on shares of Weibo in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $125.00 target price for the company. BidaskClub raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Weibo from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a research report on Friday, February 16th. Benchmark boosted their target price on shares of Weibo from $110.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, ValuEngine raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Weibo presently has a consensus rating of “Buy” and an average price target of $124.50.

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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.

Insider Buying and Selling by Quarter for Weibo (NASDAQ:WB)

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