Shares of Renren Inc (NYSE:RENN) have been given an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating.
Brokers have set a 1 year consensus price objective of $1.70 for the company, according to Zacks. Zacks has also assigned Renren an industry rank of 221 out of 256 based on the ratings given to related companies.
Separately, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
Renren (NYSE:RENN) last released its quarterly earnings data on Tuesday, June 11th. The technology company reported ($0.15) EPS for the quarter. The business had revenue of $110.36 million for the quarter. Renren had a net margin of 17.78% and a negative return on equity of 27.86%.
An institutional investor recently bought a new position in Renren stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Renren Inc (NYSE:RENN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,877 shares of the technology company’s stock, valued at approximately $30,000. 1.53% of the stock is owned by hedge funds and other institutional investors.
Renren Company Profile
Renren Inc operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Auto Group. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC-based social video platform for users to stream their performances live to viewers.
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