Facebook (NASDAQ:FB) was upgraded by research analysts at Pivotal Research from a “hold” rating to a “buy” rating in a report released on Thursday, AR Network reports. Facebook Inc (NASDAQ:FB) shares after opening at $59.63 moved to $62.46 on last trade day and at the end of the day closed at $62.41. Company price to sales ratio in past twelve months was calculated as 20.33 and price to cash ratio as 13.98. Facebook Inc (NASDAQ:FB) showed a negative weekly performance of -0.49%.
Twitter Inc (NYSE:TWTR) is introducing a redesign of profile pages that includes bigger photos, more user controls and a distinct resemblance to Facebook. As part of changes, users will be able to “pin” one of their tweets to the top of the page to give others an idea of the topics they like to tweet about. Twitter Inc (NYSE:TWTR) shares advanced 1.70% in last trading session and ended the day on $42.49. Twitter Inc (NYSE:TWTR) return on equity ratio is recorded as -105.10% and its return on assets is -41.20%.
CRT Capital upgraded Yelp (NYSE:YELP) from Fair Value to Buy, but maintained its price target at $87. Yelp Inc (NYSE:YELP) shares moved up 5.95% in last trading session and was closed at $71.25 while trading in range of $67.63 – $71.37 – Yelp Inc (NYSE:YELP) year to date (YTD) performance is 3.34%.
Joseph Chen, CEO of Renren, Inc (NYSE:RENN) the operator of a Facebook-like social networking site in China, says he is not influenced by the performance of the company’s share price, which has plunged nearly 80 percent over the past three years. Renren Inc (NYSE:RENN) weekly performance is 3.06%. On last trading day company shares ended up $3.37. Renren Inc (NYSE:RENN) distance from 50-day simple moving average (SMA50) is -3.39%. Analysts mean target price for the company is $2.96.
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