Somewhat Positive News Coverage Somewhat Unlikely to Impact Weibo Corporation (WB) Share Price

Headlines about Weibo Corporation (NASDAQ:WB) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Weibo Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.3541519717295 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

A number of analysts have weighed in on the stock. Instinet reiterated a “buy” rating and set a $102.00 price target (up previously from $91.00) on shares of Weibo Corporation in a report on Friday, August 11th. Citigroup Inc. restated a “buy” rating and issued a $126.00 target price (up previously from $102.00) on shares of Weibo Corporation in a report on Thursday. Jefferies Group LLC dropped their target price on shares of Weibo Corporation from $105.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Weibo Corporation from a “hold” rating to a “strong-buy” rating and set a $95.00 target price on the stock in a report on Tuesday, August 15th. Finally, Barclays PLC set a $100.00 price objective on shares of Weibo Corporation and gave the company an “overweight” rating in a report on Friday, August 11th. Nine equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $85.28.

Weibo Corporation (NASDAQ WB) traded down 0.81% during midday trading on Friday, hitting $106.11. 2,066,282 shares of the stock traded hands. The stock’s 50-day moving average price is $92.81 and its 200-day moving average price is $70.33. The stock has a market capitalization of $22.00 billion, a P/E ratio of 122.25 and a beta of 2.61. Weibo Corporation has a 52 week low of $40.12 and a 52 week high of $108.30.

Weibo Corporation (NASDAQ:WB) last released its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $253.37 million for the quarter, compared to analysts’ expectations of $246.78 million. Weibo Corporation had a net margin of 23.22% and a return on equity of 24.45%. The firm’s revenue for the quarter was up 72.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Equities research analysts expect that Weibo Corporation will post $1.63 EPS for the current fiscal year.

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About Weibo Corporation

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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