Weibo Corp (ADR) (WB) is Initiated by Citigroup to Buy

Weibo Corp (ADR) (WB) was Initiated by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Weibo Corp (ADR). Weibo Corp (ADR) was Downgraded by Goldman to ” Neutral” on May 16, 2016.

On the company’s financial health, Weibo Corp (ADR) reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.04. The company had revenue of $119.30 million for the quarter, compared to analysts expectations of $113.58 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Weibo Corp (ADR) opened for trading at $33.16 and hit $34 on the upside on Thursday, eventually ending the session at $33.86, with a gain of 2.61% or 0.86 points. The heightened volatility saw the trading volume jump to 5,86,711 shares. Company has a market cap of $7,184 M.

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. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).

Weibo Corp (ADR)

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