Social Media Investments Stunk in 2011

   Date:2012-01-10

Kevin Pleines, an analyst with stock market research firm Birinyi Associates, reviewed 19 social media IPOs of 2011 and discovered that new social media stocks were mostly a bad investment, with 82.4 percent trading lower than their opening-day prices. As of Wednesday, only three stocks were trading above their opening-day price.

This may be less of a statement, however, about the social media sector than about IPOs in general. A Wall Street Journal analysis found that 2010 had fewer IPOs and the amount raised was 6 percent less. Two-thirds of companies are trading below their IPO price as of the last week of the year, but social media IPOs did a bit better in this regard. Pleines reports that going by the IPO price rather than the stocks opening day price, 11 of 19 social media stocks – or 57.9 percent  — were trading below that level.

Here’s how Social Media IPO stocks are ending the year:

Yandex NV (NASDAQ:YNDX): YNDX shares recently traded at $19.68, up $0.18, or 0.92%. They have traded in a 52-week range of $16.60 to $42.01. Volume today was 117,494 shares versus a 3-month average volume of 1,111,970 shares. The company’s trailing P/E is 39.92, while trailing earnings are $0.49 per share.

Zynga, Inc. (NASDAQ:ZNGA): ZNGA shares recently traded at $9.20, down $0.17, or 1.81%. They have traded in a 52-week range of $8.75 to $11.50. Volume today was 816,369 shares versus a 3-month average volume of 18,033,500 shares. The company’s trailing P/E is 124.32, while trailing earnings are $0.07 per share.

Renren Inc (NYSE:RENN): RENN shares recently traded at $3.34, up $0.04, or 1.21%. They have traded in a 52-week range of $3.21 to $24.00. Volume today was 1,700,651 shares versus a 3-month average volume of 3,603,720 shares. The company’s trailing earnings are $-0.85 per share.

Groupon Inc (NASDAQ:GRPN): GRPN shares recently traded at $20.69, down $0.69, or 3.23%. They have traded in a 52-week range of $14.85 to $31.14. Volume today was 618,387 shares versus a 3-month average volume of 3,908,390 shares. The company’s trailing earnings are $-2.17 per share.

Linkedin Corporation (NYSE:LNKD): LNKD shares recently traded at $63.18, down $0.45, or 0.71%. They have traded in a 52-week range of $55.98 to $122.70. Volume today was 391,906 shares versus a 3-month average volume of 1,449,450 shares. The company’s trailing P/E is 865.48, while trailing earnings are $0.07 per share.

Bankrate Inc (NYSE:RATE): RATE shares recently traded at $21.30, up $0.06, or 0.28%. They have traded in a 52-week range of $13.38 to $21.94. Volume today was 105,015 shares versus a 3-month average volume of 479,140 shares. The company’s trailing earnings are $-0.36 per share.

Pandora Media Inc (NYSE:P): P shares recently traded at $10.01, up $0.01, or 0.1%. They have traded in a 52-week range of $9.15 to $26.00. Volume today was 177,627 shares versus a 3-month average volume of 968,536 shares. The company’s trailing earnings are $-0.22 per share.

HomeAway, Inc. (NASDAQ:AWAY): AWAY shares recently traded at $22.99, down $0.14, or 0.61%. They have traded in a 52-week range of $19.77 to $45.75. Volume today was 71,579 shares versus a 3-month average volume of 286,667 shares. The company’s trailing P/E is 353.69, while trailing earnings are $0.07 per share.

21Vianet Group Inc (NASDAQ:VNET): VNET shares recently traded at $9.02, down $0.05, or 0.55%. They have traded in a 52-week range of $8.31 to $22.33. Volume today was 50,246 shares versus a 3-month average volume of 294,827 shares. The company’s trailing earnings are $-0.91 per share.

Qihoo 360 Technology Co Ltd (NYSE:QIHU): QIHU shares recently traded at $16.26, down $0.25, or 1.51%. They have traded in a 52-week range of $14.30 to $36.21. Volume today was 285,386 shares versus a 3-month average volume of 1,009,290 shares. The company’s trailing earnings are $-0.00 per share.

Tudou Hldg Ltd (ADR) (NASDAQ:TUDO): TUDO shares recently traded at $10.82,. They have traded in a 52-week range of $9.54 to $27.91. Volume today was 0 shares versus a 3-month average volume of 33,246 shares. The company’s trailing earnings are $-16.52 per share.

Jive Software, Inc. (NASDAQ:JIVE): JIVE shares recently traded at $15.72, down $0.47, or 2.9%. They have traded in a 52-week range of $14.36 to $16.86. Volume today was 22,030 shares versus a 3-month average volume of 1,630,880 shares. The company’s trailing earnings are $-1.10 per share.

Demand Media Inc (NYSE:DMD): DMD shares recently traded at $6.87, up $0.12, or 1.78%. They have traded in a 52-week range of $5.24 to $27.38. Volume today was 161,980 shares versus a 3-month average volume of 482,776 shares. The company’s trailing earnings are $-0.36 per share.

Phoenix New Media Ltd ADR (NYSE:FENG): FENG shares recently traded at $5.62, up $0.04, or 0.72%. They have traded in a 52-week range of $4.20 to $13.89. Volume today was 4,400 shares versus a 3-month average volume of 171,327 shares. The company’s trailing earnings are $-1.44 per share.

Angie’s List Inc (NASDAQ:ANGI): ANGI shares recently traded at $15.86, down $0.13, or 0.81%. They have traded in a 52-week range of $10.77 to $18.75. Volume today was 45,351 shares versus a 3-month average volume of 661,893 shares. The company’s trailing earnings are $-0.88 per share.

Jiayuan.com International Ltd (NASDAQ:DATE): DATE shares recently traded at $5.83, down $0.14, or 2.35%. They have traded in a 52-week range of $5.50 to $16.12. Volume today was 23,963 shares versus a 3-month average volume of 111,806 shares. The company’s trailing P/E is 51.59, while trailing earnings are $0.11 per share.

Zillow Inc (NASDAQ:Z): Z shares recently traded at $22.48, down $0.52, or 2.26%. They have traded in a 52-week range of $21.22 to $60.00. Volume today was 13,746 shares versus a 3-month average volume of 122,010 shares. The company’s trailing earnings are $-0.01 per share.

Carbonite Inc (NASDAQ:CARB): CARB shares recently traded at $11.21, up $0.2, or 1.82%. They have traded in a 52-week range of $10.62 to $21.10. Volume today was 1,604 shares versus a 3-month average volume of 75,795 shares. The company’s trailing earnings are $-1.06 per share.

(:FFN): FFN shares recently traded at $0.84, up $0.01, or 1.2%. They have traded in a 52-week range of $0.51 to $10.01. Volume today was 157,257 shares versus a 3-month average volume of 125,890 shares. The company’s trailing earnings are $-2.37 per share.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1