58.com Inc. (NYSE:WUBA)‘s stock had its “hold” rating reissued by analysts at Brean Capital in a note issued to investors on Tuesday.

WUBA has been the topic of several other reports. HSBC downgraded 58.com from a “buy” rating to a “hold” rating and dropped their target price for the stock from $66.00 to $37.00 in a research note on Tuesday, November 15th. Zacks Investment Research downgraded 58.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Deutsche Bank AG assumed coverage on 58.com in a research note on Wednesday, October 5th. They set a “buy” rating and a $65.00 target price on the stock. downgraded 58.com from an “outperform” rating to an “underperform” rating in a research note on Friday, November 11th. Finally, Credit Suisse Group AG downgraded 58.com from an “outperform” rating to a “neutral” rating in a research note on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.83.

Analyst Recommendations for 58.com (NYSE:WUBA)

Shares of 58.com (NYSE:WUBA) traded down 2.26% during mid-day trading on Tuesday, reaching $32.94. The company’s stock had a trading volume of 857,848 shares. The firm’s market cap is $4.77 billion. 58.com has a 12-month low of $30.66 and a 12-month high of $70.27. The firm’s 50-day moving average price is $39.87 and its 200 day moving average price is $46.48.

58.com (NYSE:WUBA) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.10. 58.com had a negative net margin of 9.27% and a negative return on equity of 5.05%. The company earned $306.50 million during the quarter, compared to analysts’ expectations of $308.29 million. During the same quarter in the prior year, the business posted ($0.50) earnings per share. The company’s revenue was up 44.0% compared to the same quarter last year. On average, analysts expect that 58.com will post ($0.39) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “58.com’s (WUBA) “Hold” Rating Reiterated at Brean Capital” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark & copyright laws. The original version of this report can be viewed at http://www.dailypolitical.com/2016/11/29/58-coms-wuba-hold-rating-reiterated-at-brean-capital.html.

Institutional investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC bought a new position in shares of 58.com during the second quarter valued at about $331,000. Capital Fund Management S.A. bought a new position in shares of 58.com during the second quarter valued at about $2,887,000. Strs Ohio bought a new position in shares of 58.com during the second quarter valued at about $123,000. Bank of Montreal Can bought a new position in shares of 58.com during the second quarter valued at about $259,000. Finally, Shell Asset Management Co. boosted its position in shares of 58.com by 17.7% in the second quarter. Shell Asset Management Co. now owns 37,688 shares of the company’s stock valued at $1,730,000 after buying an additional 5,672 shares during the period. 56.21% of the stock is owned by institutional investors and hedge funds.

58.com Company Profile

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.

5 Day Chart for NYSE:WUBA

Receive News & Ratings for 58.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.