Weibo Corp (WB) Getting Somewhat Positive News Coverage, Analysis Shows

News headlines about Weibo Corp (NASDAQ:WB) have trended somewhat positive on Friday, Alpha One Sentiment reports. The research firm, a service of Accern, rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weibo Corp earned a news sentiment score of 0.07 on Alpha One’s scale. Alpha One also assigned media stories about the information services provider an impact score of 53 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:

Shares of Weibo Corp (NASDAQ:WB) traded down 0.49% during midday trading on Friday, reaching $78.65. 4,099,237 shares of the company’s stock traded hands. Weibo Corp has a 52-week low of $22.89 and a 52-week high of $82.28. The stock has a 50-day moving average price of $56.27 and a 200-day moving average price of $50.07. The stock has a market cap of $16.30 billion, a P/E ratio of 119.53 and a beta of 2.66.

Weibo Corp (NASDAQ:WB) last released its quarterly earnings results on Tuesday, May 16th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Weibo Corp had a net margin of 14.22% and a return on equity of 12.79%. The firm had revenue of $199.20 million during the quarter, compared to analyst estimates of $188.29 million. During the same quarter last year, the business earned $0.07 EPS. The company’s revenue was up 67.0% compared to the same quarter last year. Analysts forecast that Weibo Corp will post $1.44 earnings per share for the current year.

A number of research firms recently weighed in on WB. Vetr downgraded shares of Weibo Corp from a “strong-buy” rating to a “buy” rating and set a $65.50 price target for the company. in a research note on Monday, May 8th. Barclays PLC reissued an “overweight” rating and set a $85.00 price target (up from $66.00) on shares of Weibo Corp in a research note on Wednesday. T.H. Capital reissued a “buy” rating and set a $70.00 price target (up from $60.00) on shares of Weibo Corp in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $82.00 price target on shares of Weibo Corp in a research note on Tuesday. Finally, Instinet began coverage on shares of Weibo Corp in a research note on Monday, February 13th. They set a “buy” rating and a $63.00 price target for the company. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $64.23.

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Weibo Corp 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.

5 Day Chart for NASDAQ:WB

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