Facebook Inc. (NASDAQ:FB) has made a deal to buy a ten-building Menlo Park campus of TE Connectivity that is spread across 59 acres. It has around 1 million square feet of space. The building is located at 300 Constitution Ave. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is -1.26%. On last trading day company shares ended up $62.50. Analysts mean target price for the company is $77.91. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 3.90%.
Twitter Inc. (NYSE:TWTR) has acquired Namo Media, a startup that helps mobile developers weave so-called native ads, or ads that appear within the feed of Twitter posts, into Twitter.com or its mobile app. Twitter Inc. (NYSE:TWTR) shares fell -1.65% in last trading session and ended the day on $33.33. TWTR gross Margin is 61.20% and its return on assets is -34.60%.Twitter Inc. (NYSE:TWTR) quarterly performance is -37.74%.
On May 16, 2014, approximately 160,000 shares of MeetMe, Inc.’s (NASDAQ:MEET) common stock were sold through E*TRADE Financial Corporation on behalf of employees of the Company pursuant to pre-existing “sell to cover” elections. Proceeds of these sales were used to satisfy withholding tax obligations associated with the vesting of the shares of restricted stock of the Company held by these employees. These sales did not include any shares owned by the Company’s Chief Executive Officer or Chief Financial Officer. MeetMe Inc. (NASDAQ:MEET) shares moved up 1.08% in last trading session and was closed at $1.87, while trading in range of $1.86 – $1.92. MeetMe Inc. (NASDAQ:MEET) year to date (YTD) performance is 2.19%.
Shares of Yelp Inc. (NYSE:YELP) have received a consensus recommendation of “Buy” from the thirty-two brokerages that are currently covering the stock, American Banking and Market News reports. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $87.88. Yelp Inc. (NYSE:YELP) ended the last trading day at $65.23. Company weekly volatility is calculated as 4.38% and price to cash ratio as 11.71.Yelp Inc. (NYSE:YELP) showed a negative weekly performance of -1.39%.
Equities research analysts at Jefferies Group boosted their target price on shares of Renren Inc. (NASDAQ:RENN) from $2.70 to $2.85 in a research note issued to investors on Thursday. Jefferies Group’s target price indicates a potential downside of 16.42% from the stock’s previous close. Renren Inc. (NYSE:RENN) net profit margin is 73.60% and weekly performance is -1.48%. 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 0.76%.
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