Somewhat Favorable News Coverage Somewhat Likely to Impact Weibo Corp (WB) Share Price

News articles about Weibo Corp (NASDAQ:WB) have been trending somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weibo Corp earned a news sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also assigned media stories about the information services provider an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Alpha One’s rankings:

Shares of Weibo Corp (NASDAQ:WB) traded up 1.79% on Friday, hitting $52.87. The company’s stock had a trading volume of 1,830,331 shares. The firm has a market cap of $10.96 billion, a PE ratio of 110.15 and a beta of 2.66. Weibo Corp has a 1-year low of $21.23 and a 1-year high of $58.79. The company has a 50 day moving average of $50.33 and a 200 day moving average of $48.90.



Weibo Corp (NASDAQ:WB) last issued its quarterly earnings results on Wednesday, February 22nd. The information services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The firm earned $212.70 million during the quarter, compared to analyst estimates of $206.58 million. Weibo Corp had a return on equity of 12.79% and a net margin of 14.22%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities analysts forecast that Weibo Corp will post $1.33 EPS for the current year.

Several research analysts have commented on the company. TheStreet raised Weibo Corp from a “c” rating to a “b-” rating in a research report on Monday. Barclays PLC assumed coverage on Weibo Corp in a research report on Tuesday, March 28th. They set an “overweight” rating and a $66.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $67.00 price target on shares of Weibo Corp in a research report on Tuesday, March 28th. Benchmark Co. assumed coverage on Weibo Corp in a research report on Tuesday. They set a “buy” rating and a $65.00 price target on the stock. Finally, Instinet assumed coverage on Weibo Corp in a research report on Monday, February 13th. They set a “buy” rating and a $63.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.77.

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About Weibo Corp

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.

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