Media coverage about 58.com (NYSE:WUBA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 58.com earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 45.7365962028504 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of brokerages recently weighed in on WUBA. CLSA upgraded 58.com from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $39.00 to $50.00 in a report on Thursday, May 25th. BidaskClub cut 58.com from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research cut 58.com from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. TheStreet upgraded 58.com from a “d+” rating to a “c” rating in a research note on Thursday, May 11th. Finally, Morgan Stanley cut 58.com from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $42.00 to $40.00 in a research note on Friday, June 30th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.91.

Shares of 58.com (NYSE:WUBA) traded up 2.24% on Friday, hitting $52.14. The company’s stock had a trading volume of 1,073,244 shares. 58.com has a 52 week low of $27.58 and a 52 week high of $55.09. The stock’s 50 day moving average price is $48.26 and its 200 day moving average price is $40.28. The stock’s market capitalization is $7.58 billion.

58.com (NYSE:WUBA) last released its quarterly earnings results on Thursday, May 25th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.27. 58.com had a negative net margin of 3.18% and a negative return on equity of 1.57%. The company had revenue of $288.19 million during the quarter. On average, analysts forecast that 58.com will post $0.85 earnings per share for the current fiscal year.

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About 58.com

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.

Insider Buying and Selling by Quarter for 58.com (NYSE:WUBA)

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