Facebook Inc (NASDAQ:FB) successfully connected 1.2 billion people through its platform around the world, and the social network giant focused on achieving its next objective—to connect another 5 billion people. Majority of the people not yet connected or with poor access to the internet are located in the emerging markets. Facebook Inc. (NASDAQ:FB) net profit margin is 21.40% and weekly performance is 0.00%. On last trading day company shares ended up $64.50. Analysts mean target price for the company is $77.91. Facebook Inc. (NASDAQ:FB) distance from 50-day simple moving average (SMA50) is 5.61%.
Investment analysts at Wunderlich initiated coverage on shares of MeetMe Inc. (NASDAQ:MEET) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $4.50 price target on the stock. Wunderlich’s target price would suggest a potential upside of 99.12% from the company’s current price. MeetMe Inc. (NASDAQ:MEET) shares advanced 0.44% in last trading session and ended the day on $2.27. MEET return on assets is -7.30%.MeetMe Inc. (NASDAQ:MEET) quarterly performance is -35.51%.
Social games maker Zynga Inc. (NASDAQ:ZNGA) has fallen from grace and is battling to reclaim pieces of its former glory. The transition from browser based social games to mobile platforms rendered the publisher’s business model archaic in record time, somewhat amusing considering one of the company’s goals was to eat into the dedicated console market. Zynga Inc. (NASDAQ:ZNGA) shares moved down -0.65% in last trading session and was closed at $3.04, while trading in range of $3.01 – $3.10. Zynga Inc. (NASDAQ:ZNGA) year to date (YTD) performance is -20.00%.
Renren Inc. (NYSE:RENN) will never be China’s Facebook. Its early promise has faded along with users and revenue. Low price does not equal a buying opportunity. All projections are pointing down. Management’s emphasis is light on R&D, heavy on unrelated startups and derivatives. Renren Inc. (NYSE:RENN) ended the last trading day at $3.31. Company weekly volatility is calculated as 3.54% and price to cash ratio as 1.27.Renren Inc. (NYSE:RENN) showed a positive weekly performance of 0.30%.
Yelp Inc. (NYSE:YELP) has added a new option to its website called “Message the Business,” which lets users send notes directly to company officials. The new messaging feature can be used to ask a question, complain, praise a certain service, or other purposes, according to PC Magazine. Yelp Inc. (NYSE:YELP) net profit margin is -3.00% and weekly performance is 0.01%. On last trading day company shares ended up $74.93. Analysts mean target price for the company is $83.63. Yelp Inc. (NYSE:YELP) distance from 50-day simple moving average (SMA50) is 19.45%.