Weibo (NASDAQ:WB) Hits New 52-Week Low – Should You Sell?

Weibo Corporation (NASDAQ:WB)’s share price hit a new 52-week low on Friday . The company traded as low as $7.68 and last traded at $7.6980, with a volume of 1753180 shares changing hands. The stock had previously closed at $7.85.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $9.80 target price on shares of Weibo in a research note on Thursday, May 28th. Weiss Ratings lowered Weibo from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.90.

Weibo Price Performance

The company has a market capitalization of $1.88 billion, a P/E ratio of 5.38, a price-to-earnings-growth ratio of 4.15 and a beta of 0.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s 50-day moving average is $8.45 and its 200-day moving average is $9.54.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Thursday, May 28th. The information services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $421.33 million during the quarter, compared to the consensus estimate of $416.76 million. Weibo had a return on equity of 9.90% and a net margin of 21.15%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. Analysts predict that Weibo Corporation will post 1.45 EPS for the current fiscal year.

Weibo Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 17th were given a dividend of $0.61 per share. The ex-dividend date was Friday, April 17th. This represents a yield of 690.0%. Weibo’s payout ratio is 41.26%.

Institutional Trading of Weibo

A number of hedge funds and other institutional investors have recently bought and sold shares of WB. EverSource Wealth Advisors LLC raised its stake in shares of Weibo by 337.5% in the first quarter. EverSource Wealth Advisors LLC now owns 3,876 shares of the information services provider’s stock worth $34,000 after buying an additional 2,990 shares during the period. WealthCollab LLC grew its stake in shares of Weibo by 50.1% during the 4th quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,709 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Weibo in the 2nd quarter worth approximately $61,000. FourThought Financial Partners LLC purchased a new stake in Weibo in the 4th quarter worth approximately $110,000. Finally, AQR Capital Management LLC bought a new stake in Weibo during the 1st quarter worth approximately $117,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Company Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.