Media headlines about 58.com (NYSE:WUBA) have trended somewhat negative this week, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 58.com earned a news impact score of -0.12 on Alpha One’s scale. Alpha One also assigned headlines about the information services provider an impact score of 80 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One Sentiment’s rankings:
- Stock Traders Buy High Volume of 58.com Put Options (WUBA) (americanbankingnews.com)
- Traders Purchase Large Volume of Call Options on 58.com (WUBA) (americanbankingnews.com)
- Guazi.com Raises US$400M in Series B Financing (finsmes.com)
- 58 com : Guazi Announces Series B Financing (4-traders.com)
- 58.com Inc. (WUBA) Downgraded to Hold at BidaskClub (americanbankingnews.com)
Several research firms have recently commented on WUBA. TheStreet raised 58.com from a “d+” rating to a “c” rating in a research report on Thursday, May 11th. Zacks Investment Research raised 58.com from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, May 3rd. Benchmark Co. began coverage on 58.com in a research note on Tuesday, April 18th. They issued a “hold” rating for the company. BidaskClub cut 58.com from a “buy” rating to a “hold” rating in a research note on Friday. Finally, T.H. Capital began coverage on 58.com in a research note on Wednesday, May 10th. They issued a “buy” rating and a $48.00 price target for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.91.
Shares of 58.com (NYSE WUBA) traded up 2.58% during mid-day trading on Monday, reaching $42.08. The company’s stock had a trading volume of 1,131,485 shares. The company’s 50-day moving average is $42.62 and its 200 day moving average is $35.61. The firm’s market cap is $6.11 billion. 58.com has a 12 month low of $27.58 and a 12 month high of $55.28.
58.com (NYSE:WUBA) last released its earnings results on Thursday, May 25th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.27. 58.com had a negative net margin of 3.18% and a negative return on equity of 1.57%. The firm had revenue of $288.19 million during the quarter. On average, equities analysts anticipate that 58.com will post $0.84 EPS for the current year.
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58.com Company Profile
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
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