On May 15, 2014, MeetMe Inc (NASDAQ:MEET), the public market leader for social discovery, has released Icebreakers, a new feature for the MeetMe iPhone app that makes it easier for users to start a chat. MeetMe Inc (NASDAQ:MEET), net profit margin is -16.60% and weekly performance is -14.80%. On last trading day company shares ended up $1.90. Analysts mean target price for the company is $4.75. MeetMe Inc (NASDAQ:MEET), distance from 50-day simple moving average (SMA50) is -36.07%.
Yelp Inc (NYSE:YELP), announced earlier this week that it will allow restaurants to take online reservations through its website. The new service, dubbed Yelp Reservations, is comparable to OpenTable (NASDAQ: OPEN ) or SeatMe, which Yelp spent $12.7 million to acquire last year. Now, the company is giving away almost that exact service to any business that’s willing to “claim” its Yelp page. Yelp Inc (NYSE:YELP), advanced 0.59% in last trading session and ended the day on $57.72. YELP, Gross Margin is 93.00% and its return on assets is -2.10%. Yelp Inc (NYSE:YELP), quarterly performance is -36.93%.
Renren Inc (NYSE:RENN), a leading real-name social networking internet platform in China, announced its unaudited financial results for the first quarter ended March 31, 2014. Renren net revenues were US$12.2 million, representing a 17.3% decrease from the corresponding period of 2013. Within Renren net revenues, online advertising revenues were US$7.8 million for the first quarter of 2014, a 19.2% decrease from the corresponding period of 2013. Renren Inc (NYSE:RENN), shares moved down 3.35% in last trading session and was closed at $3.17, while trading in range of $3.17 – 3.28. Renren Inc (NYSE:RENN), year to date (YTD) performance is 3.93%.
Zynga Inc (NASDAQ:ZNGA)’s shares dropped 0.15% to $3.35. The company on May 12 announced that Hit It Rich! slots is now available worldwide on Google Play, giving consumers more options for how, when and where they play their favorite slots game. Hit It Rich!, already available for free download on iPhone, iPad and on the Web, is currently one of the most popular Casino game on Apple’s App Store and has the world’s largest portfolio of branded social slots games. Zynga Inc (NASDAQ:ZNGA), ended the last trading day at $3.39. Company weekly volatility is calculated as 5.83% and price to cash ratio as 3.83. Zynga Inc (NASDAQ:ZNGA), showed a negative weekly performance of 3.69%.
HEMP, INC. (OTCMKTS:HEMP), announced first-quarter 2014 sales revenue of $5,490,874 resulting in a net income for the quarter of $2,606,782, surpassing previous high marks for revenue, in any one quarter, since inception. First quarter sales increased 1,188% over first quarter sales the previous year and a marked 660% increase over the previous quarter. Since Hemp, Inc.’s transition from a developmental stage company to an operational stage company, sales have increased as shown by 2014’s first quarter. Specifically, sales from the first quarter, which primarily reflects the added income from its consulting services, have far outpaced all four quarters of 2013 by 133%. HEMP, INC. (OTCMKTS:HEMP), on last trading day company shares ended up $0.0582.
Leave a Reply