Bilibili (NASDAQ:BILI – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02, Zacks reports. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%.
Bilibili Trading Up 8.7 %
BILI stock traded up $1.76 during midday trading on Thursday, hitting $22.09. 18,664,308 shares of the company’s stock were exchanged, compared to its average volume of 6,679,682. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of -24.05 and a beta of 0.81. The firm has a 50 day moving average price of $18.17 and a 200-day moving average price of $18.51. Bilibili has a 12-month low of $9.63 and a 12-month high of $31.77.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BILI. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Barclays raised their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Benchmark raised their price objective on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America raised their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $19.69.
About Bilibili
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.
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