In yesterday’s Wall Street session, WeWork Inc. (NYSE:WE) shares traded at $3.42, down -3.39% from the previous session.
2 analysts cover WeWork Inc. (NYSE:WE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $8.00, we find $8.00. Given the previous closing price of $3.54, this indicates a potential upside of 125.99 percent. WE stock price is now -59.08% away from the 50-day moving average and -90.52% away from the 200-day moving average. The market capitalization of the company currently stands at $195.41M.
The stock has received a hold rating from 2 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $8.00 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 $33.3 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 $33.3 million. Insiders disposed of 15,705,308 shares of company stock worth roughly $53.71 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 $4,468,000. ANCIENT ART, L.P. invested $3,005,000 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 $1,631,000. SYCALE ADVISORS (NY) LLC acquired a new stake in WE for approximately $1,574,000. BRIGADE CAPITAL MANAGEMENT, LP purchased a new stake in WE valued at around $1,436,000 in the second quarter. In total, there are 212 active investors with 87.10% ownership of the company’s stock.
On Wednesday morning WeWork Inc. (NYSE: WE) stock kicked off with the opening price of $3.5200. During the past 12 months, WeWork Inc. has had a low of $3.41 and a high of $176.40. The fifty day moving average price for WE is $8.2400 and a two-hundred day moving average price translates $35.5160 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 -$8.4, missing analysts’ expectations of -$4.93 by -3.47. 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.
