Weibo (WB) Downgraded by ValuEngine

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ValuEngine lowered shares of Weibo (NASDAQ:WB) from a buy rating to a hold rating in a report issued on Thursday morning.

Several other equities research analysts also recently weighed in on the company. BidaskClub upgraded Weibo from a buy rating to a strong-buy rating in a report on Saturday, April 14th. Zacks Investment Research upgraded Weibo from a hold rating to a buy rating and set a $131.00 price target on the stock in a report on Friday, April 20th. BNP Paribas began coverage on Weibo in a report on Thursday, June 14th. They issued a hold rating on the stock. Finally, Jefferies Financial Group raised their price objective on Weibo to $160.00 and gave the stock a buy rating in a report on Tuesday, March 13th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $134.67.

Shares of Weibo opened at $98.17 on Thursday, according to Marketbeat.com. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.66. Weibo has a fifty-two week low of $65.65 and a fifty-two week high of $142.12. The company has a market capitalization of $21.82 billion, a PE ratio of 62.93 and a beta of 2.54.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Wednesday, May 9th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. Weibo had a return on equity of 36.15% and a net margin of 31.12%. The firm had revenue of $319.90 million for the quarter, compared to the consensus estimate of $343.91 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 60.6% on a year-over-year basis. equities research analysts anticipate that Weibo will post 2.72 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WB. Sequoia Financial Advisors LLC bought a new stake in Weibo during the 4th quarter valued at $203,000. YorkBridge Wealth Partners LLC boosted its position in Weibo by 70.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after acquiring an additional 743 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new stake in Weibo during the 4th quarter valued at $218,000. Sterling Capital Management LLC bought a new stake in Weibo during the 4th quarter valued at $218,000. Finally, Greenleaf Trust bought a new stake in Weibo during the 1st quarter valued at $232,000. Institutional investors own 23.68% of the company’s stock.

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 through 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Weibo (NASDAQ:WB)

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