Weibo Corp. Ads (NASDAQ:WB) shares traded -1.51% down during most recent session to reach at the closing price of $63.75. The stock exchanged hands 1.68 Million shares versus average trading capacity of 2.47 Million shares, yielding a market cap of $14.45 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $77.37 within the next 52-weeks. The mean target projections are based on 22 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Weibo Corp. Ads (NASDAQ:WB) high price target of $101 and with a conservative view have low price target of $54.
JP Morgan “Maintained” Weibo Corp. Ads (NASDAQ:WB) in a research note issued to investors on 8/29/18 to Overweight with price target of $118.
Additionally on 8/09/18 Jefferies “Maintained” Weibo Corp. Ads (NASDAQ:WB) to Buy setting price target at $140 and on 7/30/18 Barclays “Maintained” the stock to Overweight at $130. Furthermore on 2/15/18 JP Morgan “Maintained” the stock to Overweight at $140.
On the other hand the company has Relative Strength Index (RSI 14) of 54.37 along with Average True Range (ATR 14) of 3.78, Consequently Weibo Corp. Ads (NASDAQ:WB)’s weekly and monthly volatility is 4.07%, 5.27% respectively. The company’s beta value is at 2.38.
In terms of Buy, Sell or Hold recommendations, Weibo Corp. Ads (NASDAQ:WB) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Weibo Corp. Ads (NASDAQ:WB)’s minimum EPS for the current quarter is at $0.68 and can go high up to $0.83. The consensus mean EPS for the current quarter is at $0.76 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.64 earnings per share for the same quarter during last year.
Previously Weibo Corp. Ads (NASDAQ:WB) reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.7 by $0.05. The company posted an earnings surprise of 7.1%.
Weibo Corp. Ads (NASDAQ:WB)’s revenue estimates for the current quarter are $486.19 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $499.92 Million in contradiction of low revenue estimates of $480.5 Million. For the current year the company’s revenue estimates are $1.72 Billion compared to low analyst estimates of $1.72 Billion and high estimates of $1.75 Billion according to 19 number of analysts.
Currently Weibo Corp. Ads (NASDAQ:WB)’s shares owned by insiders are 7.41%, whereas shares owned by institutional owners are 38.7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.47%.
Weibo Corp. Ads (NASDAQ:WB)’s trailing twelve month revenues are $1.61 Billion, whereas its price to sales ratio for the same period is 8.95. Its book value per share for the most recent quarter is $7.03 while its price to book ratio for the same period is 9.07, as for as the company’s cash per share for the most recent quarter is $7.06, however its price to cash per share ratio for the same period is 9.03. The stock has 5 year expected PEG ratio of 0.84 whereas its trailing twelve month P/E ratio is 27.31.