Stocks of WeWork Inc. (NYSE:WE) traded higher last session on Wall Street, up 1.28% to $0.13.
According to the data, WeWork Inc. (NYSE:WE) has 2 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.20 and a low of $0.20, we find $0.20. Given the previous closing price of $0.13, this indicates a potential upside of 53.85 percent. WE stock price is now -42.83% away from the 50-day moving average and -87.10% away from the 200-day moving average. The market capitalization of the company currently stands at $297.32M.
A total of 2 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.20 as their price target over the next twelve months.
In other news, DUNLEVIE BRUCE, 10% Owner sold 4,329,355 shares of the company’s stock on Aug 16. The stock was sold for $687,069 at an average price of $0.16. Upon completion of the transaction, the 10% Owner now directly owns 9,735,654 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, 10% Owner Benchmark Capital Management C sold 4,329,355 shares of the business’s stock. A total of $687,069 was realized by selling the stock at an average price of $0.16. This leaves the insider owning 9,735,654 shares of the company worth $1.27 million. Insiders disposed of 563,351 shares of company stock worth roughly $73235.63 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 $6,637,000. ANCIENT ART, L.P. invested $4,464,000 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 $2,423,000. SYCALE ADVISORS (NY) LLC acquired a new stake in WE for approximately $2,338,000. BRIGADE CAPITAL MANAGEMENT, LP purchased a new stake in WE valued at around $2,133,000 in the second quarter.
Monday’s opening bell rang with an opening price of $0.1275 for WeWork Inc. (NYSE: WE). During the past 12 months, WeWork Inc. has had a low of $0.11 and a high of $4.58. The fifty day moving average price for WE is $0.2200 and a two-hundred day moving average price translates $0.9700 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 -48.70% and return on equity was 45.50% 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 $830M 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.
