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

Weibo Corporation (NASDAQ:WB) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.80.

WB has been the subject of several research analyst reports. Citigroup cut Weibo from a “buy” rating to a “neutral” rating and reduced their target price for the company 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 research note on Friday, July 24th. Zacks Research raised shares of Weibo from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Benchmark reissued a “hold” rating on shares of Weibo in a research report on Thursday, August 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $9.80 target price on shares of Weibo in a research note on Thursday, May 28th.

Weibo Price Performance

WB opened at $6.54 on Monday. Weibo has a twelve month low of $6.47 and a twelve month high of $12.96. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 5.41 and a beta of 0.18. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $8.00.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, August 20th. The information services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $453.83 million during the quarter, compared to analysts’ expectations of $442.45 million. Weibo had a net margin of 17.78% and a return on equity of 8.87%. Equities research analysts expect that Weibo will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sei Investments Co. increased its stake in Weibo by 39.6% during the first quarter. Sei Investments Co. now owns 584,557 shares of the information services provider’s stock valued at $5,115,000 after purchasing an additional 165,936 shares during the last quarter. Saba Capital Management L.P. lifted its position in shares of Weibo by 21.0% in the 1st quarter. Saba Capital Management L.P. now owns 2,437,357 shares of the information services provider’s stock worth $21,327,000 after buying an additional 422,294 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Weibo by 41.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,363,373 shares of the information services provider’s stock valued at $17,158,000 after buying an additional 697,778 shares during the period. XY Capital Ltd boosted its holdings in shares of Weibo by 94.1% in the 4th quarter. XY Capital Ltd now owns 198,356 shares of the information services provider’s stock valued at $2,027,000 after buying an additional 96,150 shares during the period. Finally, Alpine Investment Management Ltd acquired a new position in shares of Weibo in the 4th quarter valued at about $3,945,000. Institutional investors own 68.77% of the company’s stock.

Weibo Company Profile

Weibo Corporation (NASDAQ: WB) operates a social media platform in China that enables users to create, share and discover short-form content. Often described as a microblogging service, Weibo supports public posts, multimedia content, hashtags, trending topics, comments, direct messaging and interactions among users, public figures, media organizations and businesses.

The company generates revenue primarily through advertising and marketing services, including promoted content, display advertising and advertising products designed to help brands reach targeted audiences.