News stories about Weibo Corporation (NASDAQ:WB) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weibo Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 45.3007200496199 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern’s rankings:
- DEADLINE ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Weibo Corporation and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- NASDAQ:WB Investor Alert: Lawsuit Alleges False and Misleading Statements by Weibo Corp (sbwire.com)
- Bustling Stock: Whiting Petroleum Corporation (NYSE:WLL), Weibo Corporation (NASDAQ:WB), Alcoa Corporation … – Market Breaking Point (press release) (journalfinance.net)
- INVESTOR ALERT: The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Weibo Corporation Shareholders and a Lead Plaintiff Deadline of August 28, 2017 (WB) (finance.yahoo.com)
- Zacks Market Edge Highlights: Weibo, Tencent's, YumChina, JD.com and Alibaba (finance.yahoo.com)
Several equities analysts have weighed in on WB shares. Barclays PLC reaffirmed an “overweight” rating and issued a $85.00 target price (up from $66.00) on shares of Weibo Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC reissued a “buy” rating and set a $82.00 price objective on shares of Weibo Corporation in a research report on Thursday, July 27th. Zacks Investment Research downgraded Weibo Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. T.H. Capital reissued a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Weibo Corporation in a research report on Tuesday, May 9th. Finally, Vetr downgraded Weibo Corporation from a “strong-buy” rating to a “buy” rating and set a $65.50 price objective for the company. in a research report on Monday, May 8th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.06.
Weibo Corporation (NASDAQ:WB) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $253.37 million for the quarter, compared to the consensus estimate of $246.78 million. Weibo Corporation had a return on equity of 24.45% and a net margin of 23.22%. The firm’s revenue for the quarter was up 72.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities analysts predict that Weibo Corporation will post $1.63 earnings per share for the current fiscal year.
Weibo Corporation Company Profile
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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