Weibo turns to net income in Q3, revenues jump 48%

The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.24. The per share purchase price of US$41.49 represents the average closing trading price of SINA’s ordinary shares for the 30 trading days ended May 29, 2015, the last trading day before the signing of the subscription agreement. Zacks Investment Research downgraded SINA Corp from a “hold” rating to a “sell” rating in a research report on Thursday, November 12th. Piper Jaffray restated a “buy” rating and issued a $22.00 price target on shares of Weibo Corp in a research report on Wednesday, August 19th. Citigroup Inc. lowered SINA Corp from a “buy” rating to a “neutral” rating and decreased their price target for the company from $50.40 to $48.90 in a research note on Thursday, October 29th.

Weibo Corp (ADR) with TICKER NASDAQ:WB had its stock rating noted as “Reiterated” with the recommendation being set at “BUY” this morning by analysts at T.H. Capital.

Other equities research analysts also recently issued reports about the stock. Currently, Weibo has an average volume of 559.1k. 468,460 shares of the company’s stock were exchanged. Its market capitalization has now reached to $2.81 billion.

NASDAQ:WB has a 50 day moving average of 14.52 United States dollars and the 200 Day Moving Average price is recorded at 15.16 USD.

SINA Corp (NASDAQ:SINA) last released its earnings results on Tuesday, August 18th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04, Analyst Ratings Net reports. The business had revenue of $107.80 million for the quarter, compared to analyst estimates of $104.73 million.

Revenues increased 13.9% year over year to $226.3 million and were higher than management’s guided range of $193 million to $199 million.

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year.

The company has a one year high of $20.70 and a one year low of $8.78.

SINA Corp is an online media company and MVAS provider in the People’s Republic of China and for the Chinese communities. It functions in two segments: promotion and marketing services and other services. The shares opened for trading at $48.9 and hit $50.56 on the upside, eventually ending the session at $50.36, with a gain of 4.48% or 2.16 points. Its digital media network of SINA.com (portal), SINA.cn (mobile portal) and Weibo.com (social media), enable Internet users to access professional media and user generated content (UGC) in multi-media formats from the Web and mobile devices and share their interests to friends and acquaintances.

Weibo Corporation is a social networking platform for people to generate, spread and find Chinese-language content. The Company socialize with others on an global platform provides ways for individuals and organizations to publicly express themselves in real time and stay connected with all the planet.

To view Vetr’s full report, visit Vetr’s official website.