The stock of WeWork Inc. (NYSE:WE) last traded at $0.28, down -5.49% from the previous session.
Data from the available sources indicates that WeWork Inc. (NYSE:WE) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $0.20, we find $0.65. Given the previous closing price of $0.30, this indicates a potential upside of 116.67 percent. WE stock price is now 6.82% away from the 50-day moving average and -79.25% away from the 200-day moving average. The market capitalization of the company currently stands at $632.80M.
In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.13 as their price target over the next twelve months.
With the price target reduced from $1.75 to $0.30, Mizuho Downgraded its rating from Buy to Neutral for WeWork Inc. (NYSE: WE).
In other news, MATHRANI SANDEEP, Chief Executive Officer bought 25,000 shares of the company’s stock on Sep 02. The stock was bought for $97,750 at an average price of $3.91. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,384,284 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Chief Executive Officer MATHRANI SANDEEP bought 23,500 shares of the business’s stock. A total of $99,875 was incurred on buying the stock at an average price of $4.25. This leaves the insider owning 2,359,284 shares of the company worth $0.66 million. Insiders disposed of 553,325 shares of company stock worth roughly $0.15 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WE stock. A new stake in WeWork Inc. shares was purchased by SOFTBANK GROUP CORP. during the first quarter worth $90,817,000. NORGES BANK invested $448,000 in shares of WE during the first quarter. In the first quarter, ARISTEIA CAPITAL LLC acquired a new stake in WeWork Inc. valued at approximately $301,000. VERITION FUND MANAGEMENT LLC acquired a new stake in WE for approximately $295,000. RESOURCES INVESTMENT ADVISORS, LLC. purchased a new stake in WE valued at around $109,000 in the second quarter. In total, there are 225 active investors with 87.10% ownership of the company’s stock.
During the past 12 months, WeWork Inc. has had a low of $0.16 and a high of $5.93. The fifty day moving average price for WE is $0.2598 and a two-hundred day moving average price translates $1.3372 for the stock.
The latest earnings results from WeWork Inc. (NYSE: WE) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.34, inline with analysts’ expectations of -$0.34. This compares to -$0.66 EPS in the same period last year. The net profit margin was -56.00% and return on equity was 55.90% for WE. The company reported revenue of $849.0 million for the quarter, compared to $765.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.98 percent. For the current quarter, analysts expect WE to generate $850.13M in revenue.
WeWork Inc.(WE) Company Profile
WeWork Inc. provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions. It also provides various value-add services; business and technical service solutions, including professional employer organization and payroll services, remote workforce solutions, human resources benefits, dedicated bandwidth, and IT equipment co-location solutions. In addition, the company offers WeWork All Access, a monthly subscription-based model that allows members to book workspaces, conference rooms, and private offices; WeWork On Demand, which enables users with pay-as-you-go access to book individual workspace or conference rooms at nearby WeWork locations; and WeWork Workplace, a turnkey workspace management solution for landlords, operators, and enterprises. WeWork Inc. was founded in 2010 and is headquartered in New York, New York.
