Share on StockTwits

58.com (NASDAQ:WUBA) posted its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01, American Banking and Market News reports.

Shares of 58.com (NASDAQ:WUBA) opened at 38.29 on Friday. 58.com has a 52-week low of $21.15 and a 52-week high of $58.89. The stock has a 50-day moving average of $41.09 and a 200-day moving average of $39.0. The company has a market cap of $3.118 billion and a P/E ratio of 160.50.

On a related note, analysts at Pacific Crest raised their price target on shares of 58.com from $41.00 to $58.00 in a research note on Monday, March 3rd. They now have an “outperform” rating on the stock.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.