Bilibili (NASDAQ:BILI) Announces Quarterly Earnings Results

Bilibili (NASDAQ:BILI) released its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02, Zacks reports. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%.

Bilibili Price Performance

NASDAQ:BILI traded up $1.76 during mid-day trading on Thursday, reaching $22.09. The company’s stock had a trading volume of 18,664,308 shares, compared to its average volume of 6,679,682. The company’s fifty day simple moving average is $18.17 and its two-hundred day simple moving average is $18.51. Bilibili has a twelve month low of $9.63 and a twelve month high of $31.77. The stock has a market cap of $9.15 billion, a P/E ratio of -24.05 and a beta of 0.81.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America raised their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays raised their price target on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Mizuho raised their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.