Shares of Weibo Corp. (NASDAQ:WB) are down on Monday as Chinese Internet stocks continue to drop as a result of the government’s censorship. Weibo, a micro-blog service of SINA, is feeling the effects of the government crackdown following the revocation of SINA’s license to publish video content on the web, after pornography was discovered on the online platform. Weibo Corp (ADR) (NASDAQ:WB) shares after opening at $19.58 moved to $19.70 on last trade day and at the end of the day closed at $17.51. Company price to sales ratio in past twelve months was calculated as 19.28. Weibo Corp (ADR) (NASDAQ:WB) showed a negative weekly performance of -22.56%.
Point72 Asset Management L.P., the new family office of billionaire investor Steven Cohen, disclosed 8,641 shares or less than a 0.1% stake in NQ Mobile Inc. (ADR) (NYSE:NQ), a Chinese mobile internet service provider based on its amended regulatory filing with the Securities and Exchange Commission (SEC). NQ Mobile Inc. (ADR) (NYSE:NQ) shares fell -8.39% in last trading session and ended the day on $12.12. NQ return on equity ratio is recorded as 2.80% and its return on assets is 2.40%. NQ Mobile Inc. (ADR) (NYSE:NQ) yearly performance is 43.43%.
Goldman Sachs initiated coverage on Criteo S.A. (NASDAQ:CRTO) with a Neutral rating and a price target of $36.00.Analyst Debra Schwartz said, “Criteo is enabling the shift toward programmatic buying through a differentiated ad tech solution leveraging its product recommendation engine, direct publisher relationships, and data integrations. Continued share gains will be a function of its ability to expand beyond its retargeting niche and grow advertiser penetration. With the stock trading at 3.1X 2015 EV/Net sales, we believe Criteo’s strong growth potential is appropriately reflected in current valuation.” Criteo SA (ADR) (NASDAQ:CRTO) shares moved down -6.32% in last trading session and was closed at $27.11, while trading in range of $25.66 – $29.99. Criteo SA (ADR) (NASDAQ:CRTO) year to date (YTD) performance is -20.73%.
One of the leading enterprises in the IT cloud services, ServiceNow Inc. (NYSE:NOW) aims towards managing & automating IT service relations across the world. Organizations across the globe use its services towards creation of a single system of record for automate manual tasks, consolidation and standardization of processes. ServiceNow Inc. (NYSE:NOW) weekly performance is -12.66%. On last trading day company shares ended up $46.42. ServiceNow Inc. (NYSE:NOW) distance from 50-day simple moving average (SMA50) is -24.47%. Analysts mean target price for the company is $70.19.