MeetMe Inc (NASDAQ:MEET), the public market leader for social discovery, announced management will host a conference call on Thursday, May 8, 2014 at 10:30 a.m. ET to discuss details and answer questions about the company’s financial results for the first quarter ended March 31, 2014. MeetMe Inc (NASDAQ:MEET), shares after opening at $2.79 moved to $2.89 on last trade day and at the end of the day closed at $2.83. Company price to sales ratio in past twelve months was calculated as 2.71 and price to cash ratio as 17.35. MeetMe Inc (NASDAQ:MEET), showed a positive weekly performance of 5.99%.
Yelp Inc (NYSE:YELP), has reported strong financials for the first quarter of 2014. Revenue had been estimated at $75 million, while in reality it has touched the mark of $76.4 million. Better than expected results, it was primarily driven by strong growth in active local business accounts, which gained from 67k to 74k, says a report dated May 1, 2014 from Feltl and Company analyst Randy L. Hugen. Yelp Inc (NYSE:YELP), shares fell 6.65% in last trading session and ended the day on $59.76. Yelp Inc (NYSE:YELP), return on equity ratio is recorded as -2.30% and its return on assets is -2.10%. Yelp Inc (NYSE:YELP), yearly performance is 85.47%.
Morgan Stanley reaffirmed their underweight rating on shares of Renren Inc (NYSE:RENN), in a report released on Wednesday,Stock Ratings Network.com reports. Morgan Stanley currently has a $2.70 price objective on the stock. Renren Inc (NYSE:RENN), shares moved down 0.90% in last trading session and was closed at $3.29, while trading in range of $ 3.28 – 3.38. Renren Inc (NYSE:RENN), year to date (YTD) performance is 7.87%.
Baidu Inc (ADR) (NASDAQ:BIDU)’s video website, IQiyi is targeting to hold an IPO in the next three years as it rivals Youku Tudou (YOKU) for China’s 618M Internet clients who are looking for movies and TV shows online, according to Bloomberg, citing comments from Baidu’s video unit CEO Gong Yu. Baidu Inc (ADR) (NASDAQ:BIDU), weekly performance is -1.84%. On last trading day company shares ended up $159.91. Baidu Inc (ADR) (NASDAQ:BIDU), distance from 50-day simple moving average (SMA50) is -1.24%. Analysts mean target Price for the company is $1296.96.
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