Weibo Corporation (NASDAQ:WB) Earns Daily Coverage Optimism Score of 0.07
News headlines about Weibo Corporation (NASDAQ:WB) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Weibo Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 47.2067406409403 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Barclays PLC Reiterates “$100.00” Price Target for Weibo Corporation (WB) (americanbankingnews.com)
- Weibo Corp (ADR) (WB) Stock Is a Strong Buy on Pullbacks (investorplace.com)
- Social Media Short Sellers Can’t Make Up Their Minds (finance.yahoo.com)
- SINA Q2 Earnings and Revenues Surge Y/Y Driven by Weibo (finance.yahoo.com)
- Chinese Regulator Launches Probe Into Tencent, Weibo and Baidu (finance.yahoo.com)
Several analysts have recently commented on the company. Jefferies Group LLC reduced their target price on Weibo Corporation from $105.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday. Instinet restated a “buy” rating and issued a $102.00 target price (up from $91.00) on shares of Weibo Corporation in a research note on Friday. Barclays PLC set a $100.00 target price on Weibo Corporation and gave the company an “overweight” rating in a research note on Friday. BidaskClub downgraded Weibo Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Vetr downgraded Weibo Corporation from a “strong-buy” rating to a “buy” rating and set a $65.50 target price for the company. in a research note on Monday, May 8th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $71.86.
Shares of Weibo Corporation (WB) traded up 0.63% during trading on Friday, reaching $82.72. 4,275,140 shares of the company traded hands. The firm’s 50 day moving average is $74.24 and its 200-day moving average is $62.08. The stock has a market capitalization of $17.15 billion, a P/E ratio of 95.30 and a beta of 2.66. Weibo Corporation has a 12-month low of $40.12 and a 12-month high of $88.88.
Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Weibo Corporation had a net margin of 23.22% and a return on equity of 25.65%. The company had revenue of $253.37 million for the quarter, compared to analysts’ expectations of $246.78 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. Weibo Corporation’s quarterly revenue was up 72.5% on a year-over-year basis. On average, equities research analysts anticipate that Weibo Corporation will post $1.57 earnings per share for the current fiscal year.
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.
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