Bilibili (NASDAQ:BILI - Get Free Report) posted its earnings results on Thursday. The company reported $0.05 EPS for the quarter, beating 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%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion.
Bilibili Stock Up 3.2 %
NASDAQ BILI traded up $0.71 during trading hours on Friday, hitting $22.82. 22,901,052 shares of the company were exchanged, compared to its average volume of 7,423,278. The company has a 50 day moving average of $18.27 and a two-hundred day moving average of $18.58. Bilibili has a 52-week low of $9.63 and a 52-week high of $31.77. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of -24.80 and a beta of 0.81.
Analysts Set New Price Targets
A number of research firms have commented on BILI. Benchmark lifted their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday. Mizuho lifted their target price on Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Daiwa Capital Markets upgraded Bilibili from a "neutral" rating to a "buy" rating in a research report on Friday, November 8th. Barclays boosted their price objective on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday. Finally, Bank of America boosted their price objective on Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.33.
View Our Latest Analysis on Bilibili
About Bilibili
(
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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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