Weibo (NASDAQ:WB) Sets New 1-Year Low – Should You Sell?

Weibo Corporation (NASDAQ:WB)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $6.89 and last traded at $6.91, with a volume of 786216 shares trading hands. The stock had previously closed at $6.99.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America restated an “underperform” rating on shares of Weibo in a research note on Friday, August 21st. Citigroup lowered shares of Weibo from a “buy” rating to a “neutral” rating and decreased their price target for the company from $9.30 to $7.80 in a research note on Thursday, August 20th. Zacks Research raised shares of Weibo from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and set a $9.80 price objective on shares of Weibo in a research report on Thursday, May 28th. Finally, Benchmark restated a “hold” rating on shares of Weibo in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.80.

Weibo Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 3.59 and a quick ratio of 3.59. The stock’s 50-day moving average price is $7.60 and its 200-day moving average price is $8.36. The company has a market cap of $1.69 billion, a P/E ratio of 5.68, a PEG ratio of 4.45 and a beta of 0.18.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Thursday, August 20th. The information services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Weibo had a net margin of 17.78% and a return on equity of 8.87%. The business had revenue of $453.83 million for the quarter, compared to analyst estimates of $442.45 million. Equities analysts anticipate that Weibo Corporation will post 1.19 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Weibo by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,428 shares of the information services provider’s stock worth $514,000 after acquiring an additional 1,860 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Weibo by 12.1% during the 3rd quarter. Vise Technologies Inc. now owns 21,009 shares of the information services provider’s stock worth $261,000 after buying an additional 2,270 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Weibo by 14.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 18,674 shares of the information services provider’s stock worth $233,000 after buying an additional 2,378 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Weibo by 1.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 229,951 shares of the information services provider’s stock worth $2,350,000 after buying an additional 2,463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Weibo by 337.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,876 shares of the information services provider’s stock worth $34,000 after buying an additional 2,990 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

Weibo Company Profile

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.