Weibo Corporation (NASDAQ:WB) has a beta value of 1.10 and has seen 0.53 million shares traded in the last trading session. The company, currently valued at $12.11B, closed the last trade at $53.87 per share which meant it gained $0.73 on the day or 1.37% during that session. The WB stock price is -20.1% off its 52-week high price of $64.70 and 39.65% above the 52-week low of $32.51. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.65 million shares traded. The 3-month trading volume is 1.48 million shares.
The consensus among analysts is that Weibo Corporation (WB) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 22 have rated it as a Hold, with 12 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.63.
Weibo Corporation (NASDAQ:WB) trade information
Sporting 1.37% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the WB stock price touched $53.87 or saw a rise of 0.04%. Year-to-date, Weibo Corporation shares have moved 31.42%, while the 5-day performance has seen it change 10.66%. Over the past 30 days, the shares of Weibo Corporation (NASDAQ:WB) have changed -4.79%. Short interest in the company has seen 9.65 million shares shorted with days to cover at 4.42.
Wall Street analysts have a consensus price target for the stock at $60.15, which means that the shares’ value could jump 10.44% from current levels. The projected low price target is $47.00 while the price target rests at a high of $73.00. In that case, then, we find that the current price level is -35.51% off the targeted high while a plunge would see the stock lose 12.75% from current levels.
Weibo Corporation (WB) estimates and forecasts
Figures show that Weibo Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 4.06% over the past 6 months, with this year growth rate of 23.11%, compared to 2.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 26.00% and 27.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 31.60%.
9 analysts offering their estimates for the company have set an average revenue estimate of $574.47 million for the current quarter. 7 have an estimated revenue figure of $588.47 million for the next quarter concluding in Sep 2021. Year-ago sales stood $387.39 million and $465.74 million respectively for this quarter and the next, and analysts expect sales will grow by 48.30% for the current quarter and 26.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 53.90% over the past 5 years. Earnings growth for 2021 is a modest -37.00% while over the next 5 years, the company’s earnings are expected to increase by 20.47%.
Weibo Corporation is expected to release its next earnings report between September 27 and October 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Weibo Corporation (NASDAQ:WB)’s Major holders
Insiders own 7.14% of the company shares, while shares held by institutions stand at 50.01% with a share float percentage of 53.85%. Investors are also buoyed by the number of investors in a company, with Weibo Corporation having a total of 327 institutions that hold shares in the company. The top two institutional holders are Alibaba Group Holding Ltd with over 9.0 million shares worth more than $473.58 million. As of Jun 29, 2021, Alibaba Group Holding Ltd held 7.14% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 7.39 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $389.02 million and represent 5.86% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Wells Fargo Emerging Markets Equity Fd and Price (T.Rowe) Emerging Markets Discovery Stock Fund. As of Jun 29, 2021, the former fund manager holds about 1.59% shares in the company for having 2.0 million shares of worth $105.46 million while later fund manager owns 1.05 million shares of worth $52.9 million as of Apr 29, 2021, which makes it owner of about 0.83% of company’s outstanding stock.