WeWork Inc. (NYSE:WE) shares traded 9.06% higher at $0.22 on Wall Street last session.
In accordance with the data, 4 analysts cover WeWork Inc. (NYSE:WE). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $0.20, we find $0.30. Given the previous closing price of $0.20, this indicates a potential upside of 50.0 percent. WE stock price is now -3.31% away from the 50-day moving average and -79.93% away from the 200-day moving average. The market capitalization of the company currently stands at $429.70M.
It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $0.50 as their price target over the next twelve months.
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 $0.52 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 $0.52 million. Insiders disposed of 559,334 shares of company stock worth roughly $0.12 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 KING STREET CAPITAL MANAGEMENT, L.P. during the first quarter worth $11,653,000. ANCIENT ART, L.P. invested $7,838,000 in shares of WE during the first quarter. In the first quarter, CAPITAL WORLD INVESTORS acquired a new stake in WeWork Inc. valued at approximately $4,255,000. SYCALE ADVISORS (NY) LLC acquired a new stake in WE for approximately $4,106,000. BRIGADE CAPITAL MANAGEMENT, LP purchased a new stake in WE valued at around $3,746,000 in the second quarter. In total, there are 212 active investors with 87.10% ownership of the company’s stock.
During the past 12 months, WeWork Inc. has had a low of $0.12 and a high of $5.86. The fifty day moving average price for WE is $0.2314 and a two-hundred day moving average price translates $1.0967 for the stock.
The latest earnings results from WeWork Inc. (NYSE: WE) was released for Jun, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.21, missing analysts’ expectations of -$0.12 by -0.09. This compares to -$0.83 EPS in the same period last year. The net profit margin was -61.10% and return on equity was 61.10% for WE. The company reported revenue of $844.0 million for the quarter, compared to $815.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.56 percent. For the current quarter, analysts expect WE to generate $842.97M 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.
