Internet Stocks on Investors' Radar -- Square, Momo, GoDaddy, and Renren
NEW YORK, November 23, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com tracks the most recent performances of four equities in the Internet Software and Services category: Square Inc. (NYSE: SQ), Momo Inc. (NASDAQ: MOMO), GoDaddy Inc. (NYSE: GDDY), and Renren Inc. (NYSE: RENN). Companies in this industry provide communication, messaging, and data-backup services via the Internet, and also offer dividend yields that are in-line with the wider market. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Square
San Francisco, California headquartered Square Inc.'s stock finished Tuesday's session at $12.46, rising 1.96%. A total volume of 4.48 million shares was traded. Over the last month and the previous three months, the Company's shares have gained 9.78% and 2.47%, respectively. The stock is trading above its 50-day and 200-day moving averages by 7.43% and 10.74%, respectively. Moreover, shares of Square, which develops and provides payment processing, point-of-sale, financial, and marketing services worldwide, have a Relative Strength Index (RSI) of 62.70.
On November 14th, 2016, research firm Pacific Crest upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.
On November 15th, 2016, Square announced that its CEO, Jack Dorsey, has entered into a stock trading plan to sell the Company's shares over the course of the next twelve months. The prearranged plan was finalized in August, and total shares available for sale are capped at approximately 7% of Mr. Dorsey's overall holdings. The proceeds from these sales are for Mr. Dorsey's financial and tax planning purposes and to enable him to help further fund the Start Small Foundation. SQ complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=SQ
Momo Inc.
Shares in Beijing, the People's Republic of China headquartered Momo Inc. ended yesterday's session 0.56% lower at $21.29 with a total trading volume of 1.40 million shares. The stock has gained 8.57% in the previous three months and 32.90% on an YTD basis. Shares of the Company, which operates as a mobile-based social networking platform in the People's Republic of China, are trading 30.35% above their 200-day moving average. Moreover, Momo's stock has an RSI of 42.75.
On November 04th, 2016, research firm T.H. Capital initiated a 'Buy' rating on the Company's stock, issuing a target price of $28 per share.
On November 08th, 2016, MOMO reported that total net revenues were $157.0 million in Q3 2016, an increase of 319% from $37.5 million in Q3 2015. The Company's membership subscription revenues were $18.1 million in the reported quarter, up by 13% from $16.0 million during Q3 2015. Net income attributed to Momo was $39.0 million in Q3 2016 compared to a net loss of $0.8 million during Q3 2015. The complimentary report on MOMO can be downloaded at:
http://stock-callers.com/registration/?symbol=MOMO
GoDaddy
On Tuesday, Scottsdale, Arizona headquartered GoDaddy Inc.'s stock climbed 2.27%, to close the day at $36.12. A total volume of 1.15 million shares was traded, which was above their three months average volume of 916,540 shares. The Company's shares have advanced 10.19% in the previous three months and 12.66% on an YTD basis. The stock is trading 4.51% above its 50-day moving average and 12.95% above its 200-day moving average. Additionally, shares of GoDaddy, which designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals in the US and internationally, have an RSI of 62.28.
On November 03rd, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $38 a share to $40 a share.
On November 21st, 2016, GoDaddy announced the general availability of the .blog domain name extensions. Open to anyone, .blog gives individuals and brands alike a way to point to blogging platforms being used for a variety of purposes, including writing, company news, and more. Blogs are used by brands and individuals to share news, life events, and for more creative pursuits. Sign up for your complimentary research report on GDDY at:
http://stock-callers.com/registration/?symbol=GDDY
Renren
Shares in Beijing, the People's Republic of China headquartered Renren Inc. ended the day 1.10% lower at $1.79 with a total trading volume of 136,724 shares. The stock is trading below its 50-day moving average by 9.28%. Shares of the Company, which operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers, have an RSI of 41.36.
On October 24th, 2016, Renren announced that it will hold its annual general meeting of shareholders at 42/F, Edinburgh Tower, The Landmark, 15 Queen's Road Central, Hong Kong, China on December 12th, 2016 at 3:00 p.m. local time. Get free access to your research report on RENN at:
http://stock-callers.com/registration/?symbol=RENN
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