WeWork Inc. offers flexible workspace solution to individual and enterprises worldwide. It provides open workspace, event space, dedicated desk, standard office space, office suite, and full floor office. The company was founded in 2010 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: wework.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2023 | Buy → Neutral | BTIG Research | |
| 5/17/2023 | $1.75 → $0.30 | Buy → Neutral | Mizuho |
| 11/4/2022 | $7.50 | Buy | BTIG Research |
| 10/24/2022 | $8.00 | Overweight | Cantor Fitzgerald |
| 6/29/2022 | $6.50 | Neutral | UBS |
| 6/23/2022 | $11.00 | Outperform | Credit Suisse |
| 4/22/2022 | $9.00 | Buy | Mizuho |
| 4/19/2022 | $10.00 | Overweight | Piper Sandler |
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
8-K - WeWork Inc. (0001813756) (Filer)
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3 - WeWork Inc. (0001813756) (Issuer)
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4 - WeWork Inc. (0001813756) (Issuer)
4 - WeWork Inc. (0001813756) (Issuer)
4 - WeWork Inc. (0001813756) (Issuer)
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WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt WeWork Inc. (NYSE:WE) ("WeWork" or "the Company"), the leading global flexible space provider, today announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement ("RSA") with holders re
Cole Capital Funds sent the following letter to the Board of Directors of WeWork, Inc. We believe that it is in the best interest of WeWork to support our acquisition of 51% of all the outstanding shares owned by minority shareholders at a price of $9.00 per share and provide Cole with proper representation on the company board. We have received feedback from City National Bank and JP Morgan regarding the financing for this acquisition and expect to select a lender and have a financing commitment prior to execution of a definitive agreement. We have consulted with God, legal, financial and other advisors to assist us with this transaction. We stand ready to proceed timely. In ad
Company's Strategic Transformation Efforts Continue WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that David Tolley has been named Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief Executive Officer since May 2023. "WeWork's ability to define and lead an evolving world of work is a direct result of the tenacity and hard work of our employees who have built an exceptional product, member experience, and brand," said Tolley. "As companies continue to rethink their office strategies, and demand for flexible office space continues to grow, WeWork offers a unique suite
WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that it has completed the previously announced 1-for-40 reverse stock split of its outstanding shares of Class A Common Stock and Class C Common Stock. The reverse stock split became effective at 4:01 p.m. Eastern Time today, and the Company's Class A Common Stock will begin trading on a split-adjusted basis at the market open on September 5, 2023. The reverse stock split was effected to enable the Company to regain compliance with the $1.00 per share minimum closing price required to maintain continued listing on the New York Stock Exchange. The Company does not expect the reverse
WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that it will proceed with a 1-for-40 reverse stock split of its outstanding shares of Class A Common Stock and Class C Common Stock following approval by its Board of Directors and within the ratio range previously authorized by shareholders at the annual meeting of WeWork shareholders on June 12, 2023. The reverse stock split will be effective at 4:01 p.m., Eastern Time, on September 1, 2023. The Company's Class A Common Stock will begin trading on a post-split basis at the market open on September 5, 2023. The reverse stock split is being effected primarily to increase the Comp
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three and six months ended June 30, 2023. Second quarter highlights include: Consolidated revenue for the second quarter 2023 was $844 million, an increase of 4% year-over-year and up 7% for the first half 2023 year-over-year. Net loss was $(397) million, a $238 million improvement year-over-year, and an improvement of $443 million for the first half 2023 year-over-year. Adjusted EBITDA was $(36) million, a $98 million improvement year-over-year and a $281 million improvement for the first half 2023 year-over-year. Consolidated physical occupancy was 72% at the
WeWork Inc. (NYSE:WE), the leading global flexible space provider, today announced the appointment of Paul Aronzon, Founder of PSA Consulting; Paul Keglevic, former CEO, CFO and CRO of Energy Future Holdings; Elizabeth LaPuma, former Managing Director, Head of Balance Sheet Advisory at UBS, and Henry Miller, a Co-founder and retired Partner of Marblegate Asset Management, LLC, to the WeWork Board of Directors with immediate effect. "These new director appointments bring a fresh perspective and renewed commitment to the Board and our company," said David Tolley, Interim Chief Executive Officer of WeWork. "The deep financial expertise and robust business experience that each of our new dire
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Tuesday, August 8, 2023, it will issue financial results for the second quarter ending June 30, 2023. The company will conduct a conference call at 8:00 A.M. EDT on Wednesday, August 9, 2023, following the release of its earnings materials. Earnings call details will be available on WeWork's Investor Relations website at investors.wework.com. Questions must be submitted in advance to [email protected]. A replay of the conference call will be available at the same website after the call. The company's financial results and earnings release will be available on WeWork's Investor Relatio
WeWork Board Member David Tolley to serve as Interim Chief Executive Officer Chairman and CEO Sandeep Mathrani to step down effective May 26th Company Reaffirms Q2 2023 Guidance WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that Sandeep Mathrani will be stepping down as Chairman, CEO and as a director of WeWork effective May 26th. Current WeWork Board member David Tolley has been appointed as interim CEO and will work alongside WeWork's President and Chief Operating Officer Anthony Yazbeck. Lead Independent Director Daniel Hurwitz will now serve as Chairman of the Board and lead a special committee to search for a perman
First Quarter Revenue Increases 11% Year-over-Year Debt Restructuring Deleverages the Balance Sheet and Improves Liquidity WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three months ended March 31, 2023. First quarter and other recent highlights include: The Company's Free Cash Flow during the first quarter 2023 of $(343) million was $18 million better than its projection of $(361) million made in connection with its Debt Restructuring Transaction. The Company completed its previously announced debt restructuring that resulted in new funding and new and rolled capital commitments of over $1 billion, reduced
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Mizuho downgraded WeWork from Buy to Neutral and set a new price target of $0.30 from $1.75 previously
BTIG Research initiated coverage of WeWork with a rating of Buy and set a new price target of $7.50
Cantor Fitzgerald initiated coverage of WeWork with a rating of Overweight and set a new price target of $8.00
UBS initiated coverage of WeWork with a rating of Neutral and set a new price target of $6.50
Credit Suisse initiated coverage of WeWork with a rating of Outperform and set a new price target of $11.00
Mizuho initiated coverage of WeWork with a rating of Buy and set a new price target of $9.00
Piper Sandler initiated coverage of WeWork with a rating of Overweight and set a new price target of $10.00
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WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Tuesday, August 8, 2023, it will issue financial results for the second quarter ending June 30, 2023. The company will conduct a conference call at 8:00 A.M. EDT on Wednesday, August 9, 2023, following the release of its earnings materials. Earnings call details will be available on WeWork's Investor Relations website at investors.wework.com. Questions must be submitted in advance to [email protected]. A replay of the conference call will be available at the same website after the call. The company's financial results and earnings release will be available on WeWork's Investor Relatio
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Tuesday, May 9, 2023, it will issue financial results for the first quarter ending March 31, 2023. The company will conduct a conference call at 8:00 AM ET, following the release of its earnings materials. Earnings call details, the company's earnings release, and related materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission,
Preserving long-term stockholder value by adopting a Section 382 rights plan intended to protect tax assets by reducing the likelihood of an ownership change (as defined in the Internal Revenue Code) Tax Asset Preservation Plan in effect immediately to deter any person or group from acquiring beneficial ownership of 4.9% or more of WeWork's outstanding Class A common stock and compromising the availability of WeWork's NOLs and other tax attributes WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that its Board of Directors (the "Board") has adopted a stockholder rights plan designed to protect long-term stockholder value by preserving the
WeWork Inc. (NYSE:WE) ("WeWork"), the leading global flexible space provider, today announced that on Thursday, February 16, 2023, it will issue financial results for the fourth quarter and full year ending December 31, 2022. The Company will conduct a conference call at 8:00 AM ET, following the release of its earnings materials. Preliminary numbers show the Company made gains in revenue and adjusted EBITDA through Q4 2022 exceeding guidance provided in the Company's Q3 2022 earnings call. In connection with its portfolio optimization and in continuing to streamline operations, the Company has announced plans for headcount reductions which would account for approximately 300 roles in its
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 third quarter ending September 30, 2022. The company will conduct a conference call at 8:00 AM ET, following the release of its earnings materials. Earnings call details, the company's earnings release, and related materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Co
WeWork Inc. (NYSE:WE) ("WeWork"), one of the leading global flexible space providers, today announced that on Thursday, August 4, 2022, it will issue financial results for the second quarter ending June 30, 2022. The company will conduct a conference call at 8:00 (ET), following the release of its earnings materials. Earnings call details, the company's earnings release, and related materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Co
WeWork Inc. (NYSE:WE) ("WeWork") will hold its quarterly conference call to discuss its first quarter 2022 financial results on Thursday, May 12 at 9:00 a.m. Eastern Time. A live webcast of the conference call and earnings release materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts and the investor relations section of its website (investors.wework.com) in order to achieve br
WeWork Inc. (NYSE:WE) ("WeWork") will hold its quarterly conference call to discuss its fourth quarter 2021 financial results on Friday, March 11, 2022 at 9:00 a.m. Eastern Time. A live webcast of the conference call and earnings release materials will be available on WeWork's Investor Relations website at investors.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts and the investor relations section of its website (investors.wework.com) in order to ach
WeWork Inc. (NYSE:WE) will hold its quarterly conference call to discuss its third quarter 2021 financial results on Monday, November 15, 2021 at 9:00 a.m. Eastern Time. A live webcast of the conference call and earnings release materials will be available on WeWork's Investor Relations website at investor.wework.com. A replay of the conference call will be available at the same website after the call. WeWork announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission, press releases, public conference calls, webcasts and the investor relations section of its website (investors.wework.com) in order to achieve broad
Live Leadership Updates
Company's Strategic Transformation Efforts Continue WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), the leading global flexible space provider, today announced that David Tolley has been named Chief Executive Officer. Tolley has served as a WeWork Board Member since February 2023 and as interim Chief Executive Officer since May 2023. "WeWork's ability to define and lead an evolving world of work is a direct result of the tenacity and hard work of our employees who have built an exceptional product, member experience, and brand," said Tolley. "As companies continue to rethink their office strategies, and demand for flexible office space continues to grow, WeWork offers a unique suite
WeWork Inc. (NYSE:WE), the leading global flexible space provider, today announced the appointment of Paul Aronzon, Founder of PSA Consulting; Paul Keglevic, former CEO, CFO and CRO of Energy Future Holdings; Elizabeth LaPuma, former Managing Director, Head of Balance Sheet Advisory at UBS, and Henry Miller, a Co-founder and retired Partner of Marblegate Asset Management, LLC, to the WeWork Board of Directors with immediate effect. "These new director appointments bring a fresh perspective and renewed commitment to the Board and our company," said David Tolley, Interim Chief Executive Officer of WeWork. "The deep financial expertise and robust business experience that each of our new dire
WeWork Inc. (NYSE:WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWork's Board of Directors, effective June 23, 2022. He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWork's Board since October 2019. With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWork's Board of Directors. Before co-founding Raider Hill Advisors, Hurwitz spent 16 years at SITE Centers (NYSE:SITC) – formerly known as DDR Corp. – serving in various executive roles, including Chief Ex
WeWork Inc. (NYSE:WE) ("WeWork" or the "Company"), a leading global flexible space provider, announced today the appointment of Andre J. Fernandez as Chief Financial Officer effective June 10, 2022. Fernandez joins WeWork with more than thirty years of experience in financial and executive leadership roles. Most recently, Fernandez served as Executive Vice President & Chief Financial Officer of NCR Corporation, an $8 billion global leader in enterprise software, services and hardware for the banking, retail and hospitality industries. Prior to NCR Corporation, he held executive positions as President & Chief Executive Officer of CBS Radio; President & Chief Operating Officer of Journal Com
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