Bilibili (NASDAQ:BILI) Announces Earnings Results

Bilibili (NASDAQ:BILI) posted its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, topping 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%.

Bilibili Price Performance

Shares of Bilibili stock opened at $22.11 on Friday. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The business has a 50-day moving average of $18.21 and a two-hundred day moving average of $18.53. The company has a market capitalization of $9.16 billion, a P/E ratio of -24.03 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BILI shares. Mizuho upped their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays upped their price target on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Benchmark increased their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.78.

Bilibili Company Profile

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.