Weibo Corporation (NASDAQ: WB) is -28.89% lower on its value in year-to-date trading and has touched a low of $28.93 and a high of $55.52 in the current 52-week trading range. The WB stock was last observed hovering at around $32.96 in the last trading session, with the day’s gains setting it 0.94% off its average median price target of $40.50 for the next 12 months. It is also 32.2% off the consensus price target high of $50.00 offered by 25 analysts, but current levels are 1.74% higher than the price target low of $34.50 for the same period.
Currently trading at $33.90, the stock is 2.38% and -1.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 2.85% at the moment leaves the stock -18.99% off its SMA200. WB registered -20.71% loss for a year compared to 6-month loss of -30.05%. The firm has a 50-day simple moving average (SMA 50) of $33.69 and a 200-day simple moving average (SMA200) of $39.28.
The stock witnessed a 10.57% gain in the last 1 month and extending the period to 3 months gives it a -5.72%, and is -4.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.16% over the week and 4.08% over the month.
Weibo Corporation (WB) has around 4126 employees, a market worth around $7.52B and $1.69B in sales. Current P/E ratio is 19.03 and Fwd P/E is 12.67. Profit margin for the company is 23.40%. Distance from 52-week low is 17.18% and -38.94% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
Weibo Corporation (WB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Weibo Corporation (WB) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 5 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Weibo Corporation is expected to release its quarterly report on 08/05/2020 and quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $379.27M over the same period.The EPS is expected to shrink by -11.10% this year, but quarterly earnings will post -6.10% year-over-year. Quarterly sales are estimated to shrink -12.20% in year-over-year returns.
Weibo Corporation (WB) Top Institutional Holders
344 institutions hold shares in Weibo Corporation (WB), with 17.05M shares held by insiders accounting for 7.53% while institutional investors hold 44.02% of the company’s shares. The shares outstanding are 226.39M, and float is at 113.87M with Short Float at 11.11%. Institutions hold 40.70% of the Float.
The top institutional shareholder in the company is Alibaba Group Holding Ltd with over 9.0 million shares valued at $297.99 million. The investor’s holdings represent 7.30% of the WB Shares outstanding. As of Mar 30, 2020, the second largest holder is Schroder Investment Management Group with 6.38 million shares valued at $211.09 million to account for 5.17% of the shares outstanding. The other top investors are Invesco Ltd. which holds 3.98 million shares representing 3.23% and valued at over $131.8 million, while Fisher Asset Management, LLC holds 2.83% of the shares totaling 3.49 million with a market value of $115.55 million.
Weibo Corporation (WB): Who are the competitors?
The company’s main competitors (and peers) include Phoenix New Media Limited (FENG) that is trading -28.17% down over the past 12 months. Facebook Inc. (FB) is 23.93% up on the 1-year trading charts. Short interest in the company’s stock has risen 10.17% from the last report on May 14, 2020 to stand at a total of 10.78 million short shares sold with a short interest ratio of 4.93.