Weibo (NASDAQ:WB) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Weibo Corporation (NASDAQ:WB)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.64 and traded as low as $8.59. Weibo shares last traded at $8.69, with a volume of 2,021,259 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Weibo Stock Down 1.0%

The firm has a 50 day simple moving average of $9.64 and a two-hundred day simple moving average of $10.42. The company has a quick ratio of 3.35, a current ratio of 3.39 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.12 billion, a P/E ratio of 5.11, a PEG ratio of 4.55 and a beta of 0.20.

Weibo (NASDAQ:WB) last released its earnings results on Thursday, March 19th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). Weibo had a return on equity of 10.63% and a net margin of 25.55%.The business had revenue of $473.26 million for the quarter, compared to the consensus estimate of $444.28 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Weibo Corporation will post 1.62 earnings per share for the current year.

Weibo Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, April 17th will be paid a $0.61 dividend. This represents a dividend yield of 706.0%. The ex-dividend date is Friday, April 17th. Weibo’s dividend payout ratio is presently 34.71%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WB. WealthCollab LLC lifted its stake in shares of Weibo by 50.1% in 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 last quarter. Daiwa Securities Group Inc. bought a new position in shares of Weibo in the 2nd quarter valued at $61,000. FourThought Financial Partners LLC bought a new position in shares of Weibo in the 4th quarter valued at $110,000. AQR Capital Management LLC bought a new position in shares of Weibo in the 1st quarter valued at $117,000. Finally, Verition Fund Management LLC bought a new position in shares of Weibo in the 4th quarter valued at $138,000. 68.77% of the stock is currently owned by institutional investors.

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.