Today, Weibo Corp. (WB) Receives $45.83 Consensus PT from Analysts

Today, Weibo Corp. (WB) Receives $45.83 Consensus PT from Analysts
Shares of Weibo Corp. (NASDAQ:WB) have received a consensus rating of “Buy” from the ten research firms that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.83.

Several equities analysts have recently commented on WB shares. T.H. Capital upped their price target on shares of Weibo Corp. from $38.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 7th. JPMorgan Chase & Co. started coverage on shares of Weibo Corp. in a research report on Wednesday, August 31st. They set an “overweight” rating and a $70.00 price target for the company. Jefferies Group set a $60.00 price target on shares of Weibo Corp. and gave the stock a “buy” rating in a research report on Tuesday. Citigroup Inc. started coverage on shares of Weibo Corp. in a research report on Friday, August 5th. They set a “buy” rating for the company. Finally, Goldman Sachs Group Inc. upped their price target on shares of Weibo Corp. from $25.40 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th.

Weibo Corp. (NASDAQ:WB) opened at 49.05 on Monday. Weibo Corp. has a 12-month low of $12.09 and a 12-month high of $55.93. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00.

Weibo Corp. (NASDAQ:WB) last released its quarterly earnings results on Monday, November 21st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The business earned $176.90 million during the quarter, compared to analyst estimates of $173.19 million. Weibo Corp. had a net margin of 14.22% and a return on equity of 13.09%. The company’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities analysts forecast that Weibo Corp. will post $0.71 EPS for the current year.

Large investors have recently bought and sold shares of the company. Granite Point Capital Management L.P. bought a new stake in Weibo Corp. during the second quarter valued at $832,000. Cadence Capital Management LLC acquired a new stake in shares of Weibo Corp. during the second quarter worth $256,000. Emerald Acquisition Ltd. acquired a new stake in shares of Weibo Corp. during the second quarter worth $7,853,000. Sumway Development LTD. acquired a new stake in shares of Weibo Corp. during the second quarter worth $4,426,000. Finally, Societe Generale acquired a new stake in shares of Weibo Corp. during the second quarter worth $703,000. 13.77% of the stock is owned by institutional investors and hedge funds.

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