On May 9, YY Inc (ADR) (NASDAQ:YY) revealed its first quarter unaudited economic status of 2014. The unaudited financial report of 1Q2014 ended March 31, 2014 was placed by the company that. YY Inc (ADR) (NASDAQ:YY) reported an increase in net income by 111.6% compared to the prior year. The company touched a magic figure of net income in the first quarter, which has been reported as RMB666.3 million ($107.2 million). The preceding year’s corresponding period’s net income was RMB315.0 million. The net income was influenced by 127.1% hike of the revenue from IVAS (Internet Value Added Services). YY Inc (ADR) (NASDAQ:YY) net profit margin is 27.50% and weekly performance is 13.83%. On last trading day company shares ended up $63.69. Analysts mean target price for the company is $27.50. YY Inc (ADR) (NASDAQ:YY) distance from 50-day simple moving average (SMA50) is -3.25%.
Everyday Health, Inc. (NYSE:EVDY), and CollabRx, Inc. (NASDAQ: CLRX) announced the introduction of a new physician resource, CancerRx, an IOS application designed to help oncologists and pathologists navigate the complex landscape of oncology therapeutic options. Everyday Health Inc (NYSE:EVDY) shares advanced 1.37% in last trading session and ended the day on $17.03. Gross Margin is 72.20% and its return on assets is -10.80%.
O May 16, Equities researchers at RBC Capital cut their price objective on shares of Wix.Com Ltd (NASDAQ:WIX) from $35.00 to $26.00 in a research report issued on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 76.15% from the company’s current price. The analysts noted that the move was a valuation call. Wix.Com Ltd (NASDAQ:WIX) shares moved up 7.15% in last trading session and was closed at $17.84, while trading in range of $16.50 -$17.87. Wix.Com Ltd (NASDAQ:WIX) year to date (YTD) performance is -33.56%.
On May 27, Yandex N.V. (NASDAQ:YNDX) one of Europe’s largest internet companies and the leading search provider in Russia, announced that all resolutions proposed at Yandex’s 2014 Annual General Meeting of Shareholders (“AGM”), held on Wednesday, May 21, 2014 have been passed. Yandex NV (NASDAQ:YNDX) ended the last trading day at $31.90. Company weekly volatility is calculated as 3.41% and price to cash ratio as 13.95. Yandex NV (NASDAQ:YNDX) showed a positive weekly performance of 3.40%.
On May 27, Youku Tudou Inc (ADR) (NYSE:YOKU) reported a rise of 36% year over year in its first quarterly results. The loss figure came at $0.14 per share. It was a positive surprise as the street was expecting a loss to come around $0.23 per share. The company missed its top-line targets. However, the company has got a good hold in the industry. Also, there is a need to adjust the expectations with the changing form of competition in the industry. The company forecasted the revenue for the current quarter to come in between $151.3 million and $160.9 million as against the expectations of $164.1 million. Youku Tudou Inc (ADR) (NYSE:YOKU) net profit margin is -19.20% and weekly performance is -4.81%. On last trading day company shares ended up $19.99. Analysts mean target price for the company is $172.17. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -18.55%.