Weibo (NASDAQ:WB) Given a $48.00 Price Target by Nomura Analysts

Nomura set a $48.00 target price on Weibo (NASDAQ:WB) in a report published on Wednesday morning, TipRanks reports. The firm currently has a hold rating on the information services provider’s stock.

WB has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded Weibo from an overweight rating to a neutral rating and set a $45.00 price target for the company. in a research report on Tuesday, May 28th. ValuEngine upgraded Weibo from a strong sell rating to a sell rating in a research report on Tuesday. TheStreet downgraded Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st. Jefferies Financial Group started coverage on Weibo in a research report on Monday, August 5th. They set a hold rating and a $43.60 price target for the company. Finally, BidaskClub upgraded Weibo from a strong sell rating to a sell rating in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $56.79.

Shares of WB opened at $39.62 on Wednesday. The company has a market cap of $9.49 billion, a PE ratio of 15.72 and a beta of 2.21. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $39.55 and a 200-day moving average price of $53.84. Weibo has a 12-month low of $34.26 and a 12-month high of $83.35.



Weibo (NASDAQ:WB) last issued its quarterly earnings results on Monday, August 19th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $431.80 million during the quarter, compared to the consensus estimate of $434.79 million. Weibo had a return on equity of 33.30% and a net margin of 33.01%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. As a group, analysts predict that Weibo will post 2.44 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in WB. Invesco Ltd. lifted its position in Weibo by 29.7% in the 2nd quarter. Invesco Ltd. now owns 4,591,978 shares of the information services provider’s stock worth $199,981,000 after buying an additional 1,052,658 shares during the last quarter. Fiera Capital Corp lifted its position in Weibo by 115.4% in the 1st quarter. Fiera Capital Corp now owns 929,420 shares of the information services provider’s stock worth $57,615,000 after buying an additional 498,002 shares during the last quarter. Federated Investors Inc. PA lifted its position in Weibo by 21.3% in 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 buying an additional 376,126 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in Weibo in the 2nd quarter worth approximately $15,466,000. Finally, Platinum Investment Management Ltd. lifted its position in Weibo by 11.9% in the 2nd quarter. Platinum Investment Management Ltd. now owns 3,096,729 shares of the information services provider’s stock worth $134,863,000 after buying an additional 328,248 shares during the last quarter. Institutional investors own 25.25% of the company’s stock.

About Weibo

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.

Recommended Story: Why do companies issue convertible shares?

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.