Renren Inc (NYSE:RENN) has received a consensus broker rating score of 4.00 (Sell) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating.
Brokerages have set a twelve-month consensus price objective of $10.60 for the company, according to Zacks. Zacks has also given Renren an industry rank of 37 out of 255 based on the ratings given to related companies.
Separately, ValuEngine lowered Renren from a “buy” rating to a “hold” rating in a research report on Friday.
RENN stock opened at $2.36 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $690.88 million, a price-to-earnings ratio of -1.47 and a beta of 0.86. Renren has a 1 year low of $1.66 and a 1 year high of $18.70.
Renren (NYSE:RENN) last posted its quarterly earnings results on Monday, May 7th. The technology company reported ($0.79) earnings per share (EPS) for the quarter. The company had revenue of $97.06 million during the quarter. Renren had a negative net margin of 42.22% and a negative return on equity of 17.59%.
The business also recently declared a dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 14th were given a $9.1875 dividend. The ex-dividend date of this dividend was Friday, June 22nd.
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 Internet Finance. 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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