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Social Stocks Gaining Thrust – Facebook Inc, Zynga Inc, LinkedIn Corp, Yelp …

Facebook Inc (NASDAQ:FB) has reported stunning results for the second quarter. The EPS of $0.13 per share was comfortably ahead of the consensus analysts’ estimates of $0.09 per share compared with the loss of $0.08 per share in the same quarter of the previous year and was up more than 44% over the preceding quarter. The increase in revenues was primarily driven by ad sales, which rose 62.5% year-over-year. It was heartening to see that 41% of total ad revenues came from the mobile business as opposed to 30% in the preceding quarter.

Facebook Inc (NASDAQ:FB) shares rose 4.18% in last trading session and is closed at $34.01 while trading in range of $34.01 – 35.63 with average volume 47.78 million shares. FB price to sales ratio in past twelve months was calculated as 13.94 and price to cash ratio as 8.32. FB return on equity ratio is recorded as 4.60% and its return on assets is 3.70%.

Revenues for the quarter grew by more than 54% year-over-year to $1.83 billion compared to the consensus analysts’ estimates of $1.61 billion. This was also a growth of just under 25% compared to the preceding quarter.

Zynga Inc (NASDAQ:ZNGA) has lost three top executives this month, people familiar with the matter said, increasing the number of managers who have exited the struggling social-games developer.

John Osvald, a senior vice president of games, Jesse Janosov, a vice president who ran Zynga’s casino division, and Nathan Etter, a vice president of games, all resigned this month, said the people, who asked not to be named because the departures aren’t public. Etter left to take a job in the interactive division of The Walt Disney Co., according to his profile on LinkedIn Corp (NYSE:LNKD)’s website.

The exits follow the appointment this month of Microsoft Corp. executive Don Mattrick as Zynga’s chief executive officer, replacing founder Mark Pincus. The departures are the latest of more than a dozen top managers who have left since the company’s December 2011 initial public offering, as waning demand for Zynga’s games on Facebook Inc. (FB)’s network has sent the shares down 70 percent, eroding the value of equity-based compensation.

Zynga Inc (NASDAQ:ZNGA) shares rose 0.33% in last trading session and is closed at $3.01 while trading in range of $2.99 – 3.11 with average volume 27.42 million shares. ZNGA price to sales ratio in past twelve months was calculated as 2.14 and price to cash ratio as 2.15. ZNGA return on equity ratio is recorded as -6.10% and its return on assets is -4.50%.

Simon Baker, CEO of Baker Avenue Asset Management has said that investors should be ready to join the social media club. “Ad sales are going up, user engagement even in the younger people is going up, margins are going up, I think it’s pretty positive. The two names we like in the space are Yelp Inc (NYSE:YELP) and LinkedIn Corp (NYSE:LNKD)”, he said.

Yelp Inc (NYSE:YELP) shares rose 0.05% in last trading session and are closed at $42.10 while trading in range of $40.31 – 42.15with average volume 1.63 million shares. YELP price to sales ratio in past twelve months was calculated 17.17 and price to cash ratio as 28.41. YELP return on equity ratio is recorded as -9.20% and its return on assets is -8.20%.

Groupon Inc (NASDAQ:GRPN) today announced the Groupon Goods Midsummer Mystery Deal. Beginning Tuesday, July 30, buy a $15 deal and get a mystery item shipped for free to your door. Savings range from 25% to more than 99% off of retail prices and include 55-inch LED televisions, digital cameras and tablets.

Groupon Inc (NASDAQ:GRPN) shares fell -4.49% in last trading session and is closed at $9.34 while trading in range of $ 8.85 – 9.34 with average volume 16.56 million shares. GRPN price to sales ratio in past twelve months was calculated as 2.47 and price to cash ratio as 5.04. GRPN return on equity ratio is recorded as -7.70% and its return on assets is -3.00%.

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Mystic Maggie

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1 comment

  1. MT4 News Calendar

    So I guess that ad sales would by the key in the next few year of facebook's success. Good luck !

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