Weibo Corp (ADR) (WB) is Downgraded by Goldman to Neutral

Weibo Corp (ADR) (WB) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on May 16, 2016.

Many Wall Street Analysts have commented on Weibo Corp (ADR). JP Morgan Initiated Weibo Corp (ADR) on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $18.

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 $22.93 and hit $23.3599 on the upside on Friday, eventually ending the session at $23.3, with a gain of 2.10% or 0.48 points. The heightened volatility saw the trading volume jump to 10,55,573 shares. Company has a market cap of $4,944 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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