Jefferies Group LLC restated their buy rating on shares of Weibo Corporation (NASDAQ:WB) in a report issued on Thursday morning. Jefferies Group LLC currently has a $82.00 target price on the information services provider’s stock.

Several other research firms have also recently commented on WB. BidaskClub upgraded shares of Weibo Corporation from a buy rating to a strong-buy rating in a research report on Sunday, July 16th. TheStreet upgraded shares of Weibo Corporation from a c rating to a b- rating in a research report on Monday, April 17th. Barclays PLC restated an overweight rating and issued a $85.00 target price (up previously from $66.00) on shares of Weibo Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Weibo Corporation from a hold rating to a strong-buy rating and set a $91.00 target price for the company in a research report on Saturday, May 20th. Finally, Benchmark Co. started coverage on shares of Weibo Corporation in a research report on Tuesday, April 18th. They issued a buy rating and a $65.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $66.95.

Weibo Corporation (NASDAQ:WB) opened at 76.35 on Thursday. Weibo Corporation has a 12-month low of $31.25 and a 12-month high of $82.28.

Weibo Corporation (NASDAQ:WB) last released its quarterly earnings data on Tuesday, May 16th. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. Weibo Corporation had a net margin of 20.10% and a return on equity of 20.00%. Weibo Corporation’s quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, equities analysts predict that Weibo Corporation will post $1.51 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Manhattan Co. bought a new position in Weibo Corporation during the second quarter valued at about $741,000. Essex Investment Management Co. LLC bought a new position in Weibo Corporation during the second quarter valued at about $289,000. World Asset Management Inc boosted its position in Weibo Corporation by 10.6% in the second quarter. World Asset Management Inc now owns 6,870 shares of the information services provider’s stock valued at $457,000 after buying an additional 661 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Weibo Corporation by 213.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 33,332 shares of the information services provider’s stock valued at $2,216,000 after buying an additional 22,710 shares during the period. Finally, Lockheed Martin Investment Management Co. bought a new position in Weibo Corporation during the second quarter valued at about $757,000. Institutional investors and hedge funds own 16.75% of the company’s stock.

Weibo Corporation Company Profile

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 Corporation (NASDAQ:WB)

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