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Equities research analysts at Deutsche Bank increased their price objective on shares of 500.com (NASDAQ:WBAI) to $40.00 in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 1.14% from the stock’s previous close.

500.com (NASDAQ:WBAI) traded down 4.25% on Monday, hitting $37.87. The stock had a trading volume of 2,044,560 shares. 500.com has a 52-week low of $18.14 and a 52-week high of $54.00. The stock’s 50-day moving average is $36.20 and its 200-day moving average is $37.57. The company has a market cap of $1.245 billion and a P/E ratio of 50.97.

500.com (NASDAQ:WBAI) last announced its earnings results on Monday, August 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.20. The company had revenue of $25.20 million for the quarter, compared to the consensus estimate of $18.61 million. On average, analysts predict that 500.com will post $0.91 earnings per share for the current fiscal year.

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