Robert W. Baird increased their price target on shares of OmniVision Technologies Inc (NASDAQ:OVTI) from $20.00 to $27.00 in a research note issued on Friday. Robert W. Baird’s target price would suggest a potential upside of 34.06% from the company’s current price. OmniVision Technologies, Inc. (NASDAQ:OVTI) net profit margin is 6.10% and weekly performance is 4.79%. On last trading day company shares ended up $20.14. Analysts mean target price for the company is $20.08. OmniVision Technologies, Inc. (NASDAQ:OVTI) distance from 50-day simple moving average (SMA50) is 7.87%.
O May 27, SouFun Holdings Ltd (NYSE:SFUN), the China based leading real estate internet portal, announced its first quarter’s financial balance sheet on May 7, 2014. The unaudited economic report for the quarter ended on March 31, 2014. However, it should be stated that the company’s first quarter revenue leaped significantly. The revenue generated from the marketing services in 1Q2104 was $47 million, 31.2% hike from the prior year. SouFun Holdings Ltd (NYSE:SFUN) reported that the e-commerce services brought revenue of $29.4 million, 11.6% increase than the corresponding quarter. The revenue from value added services and listing services are quite noticeable, which stands at $2.7 and $42.1 million respectively. SouFun Holdings Ltd (NYSE:SFUN) shares fell -3.37% in last trading session and ended the day on $12.91. Gross Margin is 83.90% and its return on assets is 25.80%. SouFun Holdings Ltd (NYSE:SFUN) quarterly performance is -16.71%.
Shares of Groupon Inc (NASDAQ:GRPN) were the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 61,903,514 shares, a growth of 13.9% from the April 30th total of 54,333,683 shares, AnalystRatings.Net reports. Approximately 13.6% of the company’s shares are sold short. Based on an average trading volume of 26,046,688 shares, the days-to-cover ratio is currently 2.4 days. Groupon Inc (NASDAQ:GRPN) shares moved down -1.64% in last trading session and was closed at $5.99, while trading in range of $5.97 – $6.25. Groupon Inc (NASDAQ:GRPN) year to date (YTD) performance is -49.11%.
Mediabistro Inc. (NASDAQ:MBIS) announced that it has entered into a definitive agreement to sell its editorial and e-commerce assets to PGM-MB Holdings, LLC, a wholly-owned subsidiary of Prometheus Global Media, for an aggregate purchase price of $8 million in cash. The assets being sold consist of a number of blogs and websites and include the Mediabistro job board and education unit. Mediabistro expects the closing of the asset sale, which is subject to stockholder approval and other customary closing conditions, to occur in the third quarter of 2014. In connection with the sale, Mediabistro plans to change its name to Mecklermedia Corporation, subject to obtaining the requisite stockholder approval to do so. Mediabistro Inc (NASDAQ:MBIS) ended the last trading day at $0.961. Company weekly volatility is calculated as 19.33% and price to cash ratio as 4.85. Mediabistro Inc (NASDAQ:MBIS) showed a positive weekly performance of 6.67%.
Twitter Inc (NYSE:TWTR) said Christopher Fry stepped down as the microblogging service’s head of engineering, shifting to an advisory role. Alexander Roetter, who was a Twitter vice president, will replace Fry, who had been senior vice president of engineering, the company said yesterday in a regulatory filing. Roetter, who formerly worked at Google Inc., joined Twitter in 2010 and most recently headed the advertising-engineering team. Twitter Inc (NYSE:TWTR) net profit margin is -93.70% and weekly performance is 7.09%. On last trading day company shares ended up $34.00. Analysts mean target price for the company is $44.17. Twitter Inc (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is -16.09%.
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