Weibo Co. (NASDAQ:WB – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.48, but opened at $16.98. Weibo shares last traded at $16.50, with a volume of 88,176 shares trading hands.
Analyst Ratings Changes
Several research firms have recently weighed in on WB. The Goldman Sachs Group raised shares of Weibo from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Sunday, January 8th. JPMorgan Chase & Co. started coverage on shares of Weibo in a research note on Monday, January 30th. They issued a “neutral” rating for the company. Finally, StockNews.com started coverage on shares of Weibo in a research note on Thursday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Weibo has a consensus rating of “Hold” and a consensus target price of $30.86.
Weibo Stock Down 0.1 %
The company has a market cap of $3.90 billion, a P/E ratio of 45.75, a P/E/G ratio of 0.74 and a beta of 0.52. The company has a quick ratio of 2.33, a current ratio of 3.73 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $20.89 and its 200 day moving average is $17.79.
Hedge Funds Weigh In On Weibo
Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.
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