Weibo (WB) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Weibo (NASDAQ:WB) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Weibo earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.805527544704 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

WB has been the subject of several analyst reports. Zacks Investment Research raised Weibo from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, November 14th. Benchmark reduced their price target on Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. BidaskClub cut Weibo from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Barclays upped their price target on Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, Morgan Stanley assumed coverage on Weibo in a report on Friday, January 5th. They issued an “overweight” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Weibo has a consensus rating of “Buy” and a consensus price target of $104.85.

Weibo (NASDAQ:WB) traded up $0.42 during midday trading on Thursday, reaching $129.62. The company had a trading volume of 1,444,304 shares, compared to its average volume of 1,560,000. The firm has a market cap of $28,340.00, a PE ratio of 110.79 and a beta of 2.52. Weibo has a 12 month low of $46.05 and a 12 month high of $130.89.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The company had revenue of $320.00 million during the quarter, compared to analyst estimates of $297.20 million. During the same period in the previous year, the business earned $0.24 EPS. Weibo’s quarterly revenue was up 80.9% on a year-over-year basis. research analysts forecast that Weibo will post 1.51 EPS for the current fiscal year.

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About Weibo

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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