Weibo (NASDAQ:WB) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Weibo (NASDAQ:WB) from a strong sell rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group started coverage on shares of Weibo in a report on Monday, August 5th. They issued a hold rating and a $43.60 price target on the stock. TheStreet downgraded shares of Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. Benchmark reissued a buy rating and issued a $51.00 price target (down from $81.00) on shares of Weibo in a report on Friday, May 24th. Zacks Investment Research downgraded shares of Weibo from a hold rating to a sell rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. downgraded shares of Weibo from an overweight rating to a neutral rating and set a $45.00 price target on the stock. in a report on Tuesday, May 28th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $56.79.

Shares of NASDAQ:WB opened at $40.19 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $9.35 billion, a PE ratio of 15.95 and a beta of 2.21. Weibo has a twelve month low of $34.26 and a twelve month high of $83.35. The company has a 50-day moving average price of $39.64 and a two-hundred day moving average price of $53.94.

Weibo (NASDAQ:WB) last announced its quarterly earnings results on Monday, August 19th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Weibo had a net margin of 33.01% and a return on equity of 33.30%. The firm had revenue of $431.80 million for the quarter, compared to the consensus estimate of $434.79 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts anticipate that Weibo will post 2.44 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis boosted its holdings in Weibo by 696.5% in the second quarter. Natixis now owns 341,470 shares of the information services provider’s stock valued at $14,871,000 after acquiring an additional 298,596 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $8,067,000 after buying an additional 124,679 shares in the last quarter. Platinum Investment Management Ltd. boosted 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 valued at $134,863,000 after buying an additional 328,248 shares in the last quarter. Private Capital Group LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $36,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $15,466,000. 25.25% of the stock is currently owned by institutional investors and hedge funds.

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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