Social Stocks to Watch: Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA), MeetMe Inc (NASDAQ:MEET), Baidu Inc (NASDAQ:BIDU), Renren Inc (NYSE:RENN)
Facebook Inc (NASDAQ:FB) said its workforce is 31 percent female, the fourth major technology company to report its numbers amid a Silicon Valley debate over diversity. Facebook Inc (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 4.34%. On last trading day company shares ended up $67.13. Analysts mean target price for the company is $77.91. Facebook Inc (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 9.06%.
On 25 JUNE Zynga Inc (NASDAQ:ZNGA) said Zynga Inc (NASDAQ:ZNGA)’s move to hire Don Mattrick as Chief Executive Officer not only came as a strong indication that the company is serious on achieving a turnaround, but has also started showing good fruits. The company is reducing its global workforce in an effort to contain costs while achieving bottom line support. Zynga Inc (NASDAQ:ZNGA) shares advanced 2.90% in last trading session and ended the day on $3.19. ZNGA Gross Margin is 70.10% and its return on assets is -4.40%. Zynga Inc (NASDAQ:ZNGA) quarterly performance is -28.64%.
On 24 JUNE MeetMe Inc (NASDAQ:MEET) announced that it set a new daily record for the number of user-to-user chats sent on Monday of this week. For the first time in MeetMe Inc (NASDAQ:MEET)’s history, more than 15 million chats were sent on a single day. MeetMe Inc (NASDAQ:MEET) shares moved down -0.36% in last trading session and were closed at $2.75, while trading in range of $2.65 – $2.83. MeetMe Inc (NASDAQ:MEET) year to date (YTD) performance is 50.27%.
On 24 JUNE Baidu Inc (ADR) (NASDAQ:BIDU) and the Chinese Center for Disease Control (“CDC”) will launch a prediction tool to help forecast flu outbreaks, similar to Google Flu Trends. Baidu Inc (ADR) (NASDAQ:BIDU) ended the last trading day at $183.71. Company weekly volatility is calculated as 3.08% and price to cash ratio as 10.10. Baidu Inc (ADR) (NASDAQ:BIDU) showed a positive weekly performance of 5.34%.
Renren Inc (NYSE:RENN) net profit margin is 73.60% and weekly performance is -0.30%. On last trading day company shares ended up $3.33. Analysts mean target price for the company is $2.78. Renren Inc (NYSE:RENN) distance from 50-day simple moving average (SMA50) is 0.28%.
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