BidaskClub upgraded shares of Weibo (NASDAQ:WB) from a hold rating to a buy rating in a research note released on Thursday morning, BidAskClub reports.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group started coverage on shares of Weibo in a report on Monday, August 5th. They issued a hold rating and a $43.60 price target on the stock. HSBC lowered shares of Weibo from a hold rating to a reduce rating and set a $45.54 target price on the stock. in a research note on Friday, May 24th. Barclays set a $55.00 price target on shares of Weibo and gave the company a buy rating in a research note on Wednesday, August 21st. Nomura set a $48.00 price objective on shares of Weibo and gave the company a hold rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research upgraded shares of Weibo from a strong sell rating to a hold rating in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $56.79.

Shares of NASDAQ WB traded up $1.40 during mid-day trading on Thursday, hitting $50.37. The stock had a trading volume of 169,706 shares, compared to its average volume of 2,648,820. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.58 and a current ratio of 3.58. The company has a 50 day moving average of $40.28 and a two-hundred day moving average of $51.94. Weibo has a twelve month low of $34.26 and a twelve month high of $79.20. The firm has a market cap of $11.01 billion, a PE ratio of 20.01 and a beta of 2.22.

Weibo (NASDAQ:WB) last released its earnings results on Monday, August 19th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. Weibo had a return on equity of 32.08% and a net margin of 33.01%. The firm had revenue of $431.80 million for the quarter, compared to the consensus estimate of $434.79 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Weibo will post 2.4 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of WB. Invesco Ltd. lifted its position in shares of Weibo by 29.7% during the 2nd quarter. Invesco Ltd. now owns 4,591,978 shares of the information services provider’s stock worth $199,981,000 after purchasing an additional 1,052,658 shares during the last quarter. Fiera Capital Corp raised its stake in Weibo by 115.4% during the 1st quarter. Fiera Capital Corp now owns 929,420 shares of the information services provider’s stock worth $57,615,000 after acquiring an additional 498,002 shares in the last quarter. Federated Investors Inc. PA raised its stake in Weibo by 21.3% during the 1st quarter. Federated Investors Inc. PA now owns 2,143,962 shares of the information services provider’s stock worth $132,904,000 after acquiring an additional 376,126 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Weibo in the second quarter valued at $15,466,000. Finally, Platinum Investment Management Ltd. increased its stake in shares of Weibo by 11.9% during the second quarter. Platinum Investment Management Ltd. now owns 3,096,729 shares of the information services provider’s stock worth $134,863,000 after acquiring an additional 328,248 shares during the period. 25.92% of the stock is owned by institutional investors.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

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Analyst Recommendations for Weibo (NASDAQ:WB)

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