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Last $3.15 USD
Change Today -0.02 / -0.63%
Volume 143.4K
RENN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:07 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

renren inc-adr (RENN) Snapshot

Open
$3.15
Previous Close
$3.17
Day High
$3.19
Day Low
$3.14
52 Week High
06/8/15 - $4.45
52 Week Low
03/20/15 - $2.35
Market Cap
1.7B
Average Volume 10 Days
639.4K
EPS TTM
$-0.16
Shares Outstanding
240.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RENREN INC-ADR (RENN)

renren inc-adr (RENN) Details

Renren Inc. operates a social networking Internet platform in the People’s Republic of China. The company provides online advertising services; Internet value-added services (IVAS), including online talent show, VIP memberships, other IVAS, etc.; and online gaming services. The company operates renren.com, a social networking Website that enables its users to connect and communicate with each other, share information and user generated content, play online games, and watch videos, as well as a range of other features and services; and Renren Games, a game operating platform that offers a portfolio of Web-based, cross-platform, and mobile games its users. 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 headquartered in Beijing, the People’s Republic of China.

1,602 Employees
Last Reported Date: 04/16/15
Founded in 2002

renren inc-adr (RENN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

renren inc-adr (RENN) Key Developments

Renren Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter Ended June 30, 2015; Provides Revenue Guidance the Third Quarter of 2015; Reports Impairment of Intangible Assets for the Second Quarter Ended June 30, 2015

Renren Inc. reported unaudited consolidated financial results for the second quarter ended June 30, 2015. For the quarter, the company reported total net revenues of $15.128 million against $22.929 million a year ago. Loss from operations was $24.282 million against $25.648 million a year ago. Loss before provision of income tax, earnings in equity method investments and non-controlling interest, net of income taxes was $71.650 million against income before provision of income tax, earnings in equity method investments and non-controlling interest, net of income taxes of $63.814 million a year ago. Loss from continuing operations was $78.097 million or $0.08 per basic and diluted share against income from continuing operations of $36.019 million or $0.03 per basic and diluted share a year ago. Net loss attributable to the company $77.906 million or $0.23 per basic and diluted share against net income attributable to the company of $31.307 million or $0.09 per basic and diluted share a year ago. Adjusted net loss was $71.9 million, compared to an adjusted net income of $37.4 million in the corresponding period in 2014. The company expects to generate revenues in an amount ranging from $11 million to $13 million in the third quarter of 2015, representing a 33.4% to 43.7% year-over-year decline. For the second quarter ended June 30, 2015, the company reported impairment of intangible assets of $0.445 million.

Renren Inc. to Report Q2, 2015 Results on Aug 20, 2015

Renren Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 20, 2015

Renren Inc. Announces Executive Changes

Renren Inc. announced that its Acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, is resigning from his position at the company to pursue another career opportunity, effective July 31, 2015. The company intends to appoint a new CFO candidate in due course. In the meantime, James Jian Liu, Renren's Chief Operating Officer, will serve as the interim CFO. The company noted that there were no disagreements between Mr. Law and the company and that his departure is not related to the company's operations, policies, practices or any issues regarding the company's accounting policies and practices.

 

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Industry Analysis

RENN

Industry Average

Valuation RENN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 17.3x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 8.4x
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