WeWork Inc. (WE)

NYSE: WE · IEX Real-Time Price · USD
2.14
-0.23 (-9.70%)
At close: Dec 7, 2022 4:00 PM
2.13
-0.01 (-0.47%)
After-hours: Dec 7, 2022 7:58 PM EST
-9.7%
Market Cap 1.88B
Revenue (ttm) 3.11B
Net Income (ttm) -2.30B
Shares Out 762.39M
EPS (ttm) -7.77
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,983,499
Open 2.32
Previous Close 2.37
Day's Range 2.07 - 2.34
52-Week Range 1.94 - 9.83
Beta 1.24
Analysts Buy
Price Target 7.40 (+245.8%)
Earnings Date Nov 10, 2022

About WE

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 offers various value-add services; business and technical service solutions, including professional employer organization a... [Read more]

Industry Real Estate Management & Development
Founded 2010
Employees 4,400
Stock Exchange NYSE
Ticker Symbol WE
Full Company Profile

Financial Performance

In 2021, WeWork's revenue was $2.57 billion, a decrease of -24.76% compared to the previous year's $3.42 billion. Losses were -$4.44 billion, 41.9% more than in 2020.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for WE stock is "Buy." The 12-month stock price forecast is 7.4, which is an increase of 245.79% from the latest price.

Price Target
$7.4
(245.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

WeWork Announces New SoftBank Appointment, Vikas J. Parekh, to Board of Directors

NEW YORK--( BUSINESS WIRE )--WeWork Inc. (NYSE: WE), the leading global flexible space provider, today announced that Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers, has been appointe...

5 days ago - Business Wire

7 Real Estate Stocks to Sell

As the housing downturn continues and looks poised to get worse, it remains best to approach real estate stocks cautiously. Admittedly, the shares of real estate investment trusts (or REITs) and the sto...

Other symbols: DFHDLRGNLOPENTREEZG
2 weeks ago - InvestorPlace

WeWork plans to shutter 40 locations in US

Office co-working company WeWork announced on Thursday that it has plans to soon shutter over three dozen locations across the United States.

3 weeks ago - Fox Business

WeWork exits 40 US locations after tepid forecast, shares slump

WeWork forecast fourth-quarter revenue below estimates and said it will exit about 40 underperforming US locations, sending shares down over 15%.

3 weeks ago - New York Post

WeWork to Close 40 U.S. Locations as Company Cuts Costs

The office-sharing company reported a wider-than-expected loss and slowing sales growth in its most recent quarter.

3 weeks ago - WSJ

CORRECTING and REPLACING WeWork Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Due to a transcription error, in the “CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS” table, figure in the 2022 column of row “Operating lease right-of-use assets” should rea...

3 weeks ago - Business Wire

WeWork posts wider-than-expected Q3 loss and misses on revenue

Office-sharing company WeWork Inc. WE, -8.99% posted a net loss of $568 million, or 75 cents a share, for the third quarter, narrower than the loss of $802 million, or $5.50 a share, posted in the year-...

3 weeks ago - Market Watch

WeWork to exit 40 U.S. locations to cut costs, revenue outlook disappoints

WeWork Inc said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below estimates as the flexible workspace provider faces high expenses and a str...

3 weeks ago - Reuters

WeWork Cuts Outlook As Macro Weakness Hits

The short-term real-estate rental leasing firm is seeing softness in both the U.S. and Japan.

3 weeks ago - Barrons

WeWork Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three months ended September 30, 2022.

3 weeks ago - Business Wire

Deel Partners with WeWork to Bring Flexible Workspaces to More Workers Worldwide

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--In another step to simplify the world of HR, global payroll company Deel has partnered with WeWork (NYSE: WE), the leading flexible workspace provider, to offe...

1 month ago - Business Wire

Why WeWork Stock Surged Today

The flexible office space provider's investors could be in store for major gains.

1 month ago - The Motley Fool

5 Stocks Now At The “Just Get Me Out” Stage

These 5 stocks are now reaching that stage of capitalism known as the “just get me out” stage.

Other symbols: CHTGNRCKMXTSM
1 month ago - Forbes

WeWork Announces Date of Third Quarter 2022 Results Conference Call

NEW YORK--(BUSINESS WIRE)--WeWork Inc. (NYSE: WE) (“WeWork”), the leading global flexible space provider, today announced that on Thursday, November 10, 2022, it will issue financial results for the thi...

1 month ago - Business Wire

14 Ailing Companies Are About To Lose An Obscene Amount Of Money

S&P 500 investors hate companies that lose money right now. So it's wise to know which companies are on the verge of losing obscene amounts so you don't end up holding the bag.

2 months ago - Investors Business Daily

Down Almost 78%, Is This Stock a Screaming Buy?

WeWork is nobody's darling right now, but with improved revenue created by strategic moves, maybe it should be.

2 months ago - The Motley Fool

Insiders Are Loading Up on These 2 Beaten-Down Stocks

The market has soured on these stocks, but insiders are buying. Is it time to load up on these companies?

Other symbols: NLY
2 months ago - The Motley Fool

WeWork Launches Global Program with 11 Cities to Foster Flexible Return to Work

NEW YORK--(BUSINESS WIRE)--WeWork (NYSE: WE), one of the leading global flexible space providers, today announced a global initiative comprised of 11 individual strategic partnerships in cities across t...

2 months ago - Business Wire

WeWork Unveils Its Flagship Asia-Pacific Office Tower In Singapore Amid Narrowing Losses

WeWork—controlled by billionaire Masayoshi Son's SoftBank Group—has unveiled its flagship office tower in Singapore as the company expands in the Asian financial hub, which is among its fastest growing ...

3 months ago - Forbes

WeWork founder bounces back with $1bn property project Flow

Adam Neumann has backing from venture capital and says he's learned ‘plenty' since his spectacular ouster

3 months ago - The Guardian

a16z says “WeBack” to WeWork's Neumann with its biggest check ever

Andreessen Horowitz (a16z) seems determined to keep the capital flowing to controversial WeWork founder Adam Neumann. The storied venture firm wrote its largest individual check ever, at $350 million, t...

3 months ago - TechCrunch

3 High-Growth Stocks to Buy During the Market Dip

These high-growth stocks are down notably, but could make a roaring comeback.

Other symbols: EXPIVICI
3 months ago - The Motley Fool

WeWork Shares Spike as CEO and CFO Both Buy Stock

The short-term real estate leasing company WeWork last week said it expects to turn profitable by at least one measure by year-end.

3 months ago - Barrons

WeWork names Softbank exec to board

WeWork Inc. WE, +9.89% said Thursday board member Michel Combes has left the position after joining the board in October, 2020. The workspace company said Softbank Group International (SBGI) CEO Alex Cl...

Other symbols: SFTBY
3 months ago - Market Watch

WeWork Announces New SoftBank Appointment to Its Board of Directors

NEW YORK--(BUSINESS WIRE)--WeWork Inc. (NYSE: WE), the leading global flexible space provider, today announced that Alex Clavel, Chief Executive Officer of SoftBank Group International (“SBGI”), has joi...

3 months ago - Business Wire