Weibo Co. (NASDAQ:WB – Get Rating)’s share price gapped up prior to trading 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 traded.
Analyst Ratings Changes
WB has been the topic of several recent research reports. JPMorgan Chase & Co. began coverage on Weibo in a research note on Monday, January 30th. They issued a “neutral” rating on the stock. The Goldman Sachs Group upgraded Weibo from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Sunday, January 8th. Finally, StockNews.com began coverage on Weibo in a research note on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.86.
Weibo Price Performance
The firm has a fifty day moving average price of $20.89 and a two-hundred day moving average price of $17.79. The stock has a market capitalization of $3.90 billion, a P/E ratio of 45.75, a PEG ratio of 0.74 and a beta of 0.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.33 and a current ratio of 3.73.
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.
- Get a free copy of the StockNews.com research report on Weibo (WB)
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