Shares of Weibo Corp (NASDAQ:WB) have earned an average rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $94.36.

A number of research analysts have issued reports on the company. BidaskClub cut Weibo from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Citigroup reissued a “buy” rating and set a $126.00 price objective (up from $102.00) on shares of Weibo in a report on Thursday, September 14th. Zacks Investment Research raised Weibo from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, November 14th. Benchmark cut their price objective on Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Barclays lifted their price objective on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th.

Shares of Weibo (NASDAQ WB) traded down $0.87 during mid-day trading on Monday, reaching $103.46. The company had a trading volume of 611,200 shares, compared to its average volume of 1,985,457. The company has a market capitalization of $22,887.11, a PE ratio of 87.68 and a beta of 2.54. Weibo has a 52-week low of $40.31 and a 52-week high of $123.00.

Weibo (NASDAQ:WB) last issued its earnings results on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $320.00 million during the quarter, compared to analysts’ expectations of $297.20 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. Weibo’s quarterly revenue was up 80.9% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. analysts predict that Weibo will post 1.5 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of Weibo in the third quarter valued at $1,640,000. Neuberger Berman Group LLC acquired a new stake in Weibo in the third quarter worth about $1,414,000. Ladenburg Thalmann Financial Services Inc. increased its position in Weibo by 14.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,413 shares of the information services provider’s stock worth $436,000 after purchasing an additional 542 shares during the period. Janus Henderson Group PLC increased its position in Weibo by 23.6% in the third quarter. Janus Henderson Group PLC now owns 376,032 shares of the information services provider’s stock worth $37,199,000 after purchasing an additional 71,677 shares during the period. Finally, Cowen Inc. increased its position in Weibo by 254.4% in the third quarter. Cowen Inc. now owns 25,000 shares of the information services provider’s stock worth $2,474,000 after purchasing an additional 41,193 shares during the period. Institutional investors own 21.95% of the company’s stock.

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About Weibo

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

Analyst Recommendations for Weibo (NASDAQ:WB)

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