Weibo (NASDAQ:WB) Rating Lowered to Strong Sell at Zacks Research

Weibo (NASDAQ:WB) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on WB. 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. Weiss Ratings downgraded Weibo from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Weibo has an average rating of “Hold” and a consensus target price of $11.90.

Weibo Stock Performance

Shares of WB stock opened at $7.66 on Tuesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $8.38 and a two-hundred day moving average of $9.48. Weibo has a 52 week low of $7.59 and a 52 week high of $12.96. The company has a market cap of $1.88 billion, a P/E ratio of 5.36, a PEG ratio of 4.60 and a beta of 0.20.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, May 28th. The information services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Weibo had a net margin of 21.15% and a return on equity of 9.90%. The company had revenue of $421.33 million during the quarter, compared to analyst estimates of $416.76 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Weibo will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Weibo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WealthCollab LLC boosted its position in shares of Weibo by 50.1% during the fourth quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock worth $52,000 after buying an additional 1,709 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Weibo by 4.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,428 shares of the information services provider’s stock worth $514,000 after buying an additional 1,860 shares during the period. Vise Technologies Inc. lifted its position in Weibo by 12.1% in the third quarter. Vise Technologies Inc. now owns 21,009 shares of the information services provider’s stock worth $261,000 after purchasing an additional 2,270 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Weibo by 14.6% in the third quarter. CANADA LIFE ASSURANCE Co now owns 18,674 shares of the information services provider’s stock worth $233,000 after purchasing an additional 2,378 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Weibo by 1.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 229,951 shares of the information services provider’s stock worth $2,350,000 after purchasing an additional 2,463 shares during the period. 68.77% of the stock is currently owned by institutional investors and hedge funds.

About Weibo

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.