According to a research report from analysts at Credit Suisse Group, WeWork is expected to “outperform” its rating on its stock.
The report shows that WeWork traded down $0.06, while its trading volume grew to 7,861,409 shares from its average of 5,220,447.
When WeWork issued its last earnings report in May, the company’s EPS (earnings per share) came to $0.57 for the quarter, while its revenue reached $765 million – a 27.9% increase compared to the same quarter last year.
In addition to WeWork’s revenue outpacing forecasts, several investors into the firm have adjusted their shares in the business.
For instance, Ovata Capital Management Ltd purchased new shares during the first quarter valued at around $33,000. Additionally, Royal Bank of Canada grew its holdings to nearly 5,100 shares after acquiring 2,724 shares during the last quarter.