Renren Inc. (NYSE:RENN) shares traded -5.50% lower at $2.06 on Wall Street last session.
In accordance with the data, 1 analysts cover Renren Inc. (NYSE:RENN). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $5.10 and a low of $5.10, we find $5.10. Given the previous closing price of $2.18, this indicates a potential upside of 133.94 percent. RENN stock price is now 1.24% away from the 50-day moving average and 6.12% away from the 200-day moving average. The market capitalization of the company currently stands at $48.47M.
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Brokers who have rated the stock have averaged $5.10 as their price target over the next twelve months.
, while ‘Brean Murray’ rates the stock as ‘Hold’.
A total of 42.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RENN stock. A new stake in Renren Inc. shares was purchased by NOMURA HOLDINGS INC during the first quarter worth $122,000. RENAISSANCE TECHNOLOGIES LLC invested $39,000 in shares of RENN during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Renren Inc. valued at approximately $16,000. QUADRANT CAPITAL GROUP LLC acquired a new stake in RENN for approximately $2,000. GROUP ONE TRADING, L.P. purchased a new stake in RENN valued at around $2,000 in the second quarter. In total, there are 34 active investors with 28.70% ownership of the company’s stock.
Renren Inc. (NYSE: RENN) opened at $2.1300 on Monday. During the past 12 months, Renren Inc. has had a low of $1.22 and a high of $2.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for RENN is $20.4120 and a two-hundred day moving average price translates $26.7809 for the stock.
The latest earnings results from Renren Inc. (NYSE: RENN) was released for Dec, 2021.
Moreover, the firm recently paid out its quarterly dividend on 12/21/2022. Investors who held shares on 11/21/2022 were paid a $31.617 dividend.
Renren Inc.(RENN) Company Profile
Renren Inc. engages in the software as a service business in the People’s Republic of China. The company develops Chime, a software as a service platform that offers customer relationship management, intelligent data exchange webpage service, and team management solutions for real estate professionals. It also provides online and mobile services for the trucking industry in the United States. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. Renren Inc. was founded in 2002 and is based in Beijing, the People’s Republic of China.
