News articles about Weibo Corporation (NASDAQ:WB) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Weibo Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 47.1523971955686 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Weibo Corporation (WB) Stock Rating Reaffirmed by Citigroup Inc. (americanbankingnews.com)
- Weibo Announces Management Change (finance.yahoo.com)
- Weibo Corporation (WB) crosses SMA-50 up with 25.25% – Street Observer (press release) (streetobserver.com)
- Weibo Corporation (WB) stock RSI moves to 72.81-Overbought Alert – Voice Of Analysts (analystsbuzz.com)
- Contrasting IAC/InterActiveCorp (IAC) & Weibo Corporation (WB) (americanbankingnews.com)
Several brokerages recently weighed in on WB. Instinet reaffirmed a “buy” rating and set a $102.00 price target (up from $91.00) on shares of Weibo Corporation in a report on Friday, August 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $126.00 price target (up from $102.00) on shares of Weibo Corporation in a report on Thursday. Jefferies Group LLC decreased their price target on Weibo Corporation from $105.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, August 10th. Zacks Investment Research raised Weibo Corporation from a “hold” rating to a “strong-buy” rating and set a $95.00 price target for the company in a report on Tuesday, August 15th. Finally, Barclays PLC set a $100.00 price target on Weibo Corporation and gave the stock an “overweight” rating in a report on Friday, August 11th. Nine research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Weibo Corporation currently has an average rating of “Buy” and an average target price of $85.28.
Shares of Weibo Corporation (NASDAQ:WB) traded down 0.81% on Friday, hitting $106.11. The stock had a trading volume of 2,066,282 shares. Weibo Corporation has a 12-month low of $40.12 and a 12-month high of $108.30. The firm has a market cap of $22.00 billion, a P/E ratio of 122.25 and a beta of 2.61. The company’s 50-day moving average price is $92.81 and its 200 day moving average price is $70.33.
Weibo Corporation (NASDAQ:WB) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $253.37 million for the quarter, compared to analyst estimates of $246.78 million. Weibo Corporation had a return on equity of 24.45% and a net margin of 23.22%. Weibo Corporation’s revenue for the quarter was up 72.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts forecast that Weibo Corporation will post $1.63 earnings per share for the current fiscal year.
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Weibo Corporation Company Profile
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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