500.com Stock Rating Upgraded by Zacks (WBAI)
500.com (NASDAQ:WBAI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday. The firm currently has a $40.90 target price on the stock. Zacks‘s price objective would suggest a potential upside of 15.83% from the stock’s previous close.
Separately, analysts at Deutsche Bank raised their price target on shares of 500.com to $40.00 in a research note on Monday. They now have a “neutral” rating on the stock.
500.com (NASDAQ:WBAI) traded up 1.95% on Thursday, hitting $36.00. The stock had a trading volume of 406,585 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 $36.33 and its 200-day moving average is $37.45. The company has a market cap of $1.252 billion and a price-to-earnings ratio of 34.38.
500.com (NASDAQ:WBAI) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 185.4% on a year-over-year basis. Analysts expect that 500.com will post $1.04 EPS for the current fiscal year.
To view Zacks’ full report, visit Zacks’ official website.
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