Last $2.58 USD
Change Today 0.00 / 0.00%
Volume 0.0
RENN On Other Exchanges
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Exchange
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As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

renren inc-adr (RENN) Snapshot

Open
$2.56
Previous Close
$2.58
Day High
$2.61
Day Low
$2.56
52 Week High
03/5/14 - $4.79
52 Week Low
12/15/14 - $2.45
Market Cap
1.0B
Average Volume 10 Days
375.4K
EPS TTM
$-0.02
Shares Outstanding
263.4M
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 operates renren.com, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers; and 56.com, a video service that allows its users to upload, view, and share user generated content videos and other contents, as well as provides Web-based, cross-platform, and mobile games to 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.

2,442 Employees
Last Reported Date: 04/29/14
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. Announces Management Changes

Renren Inc. announced that effective close of business on December 31, 2014, Ms. Hui Huang will resign as the Chief Financial Officer of the company a position she has held since March 2010. The company has appointed Ms. Huang as a director to its Board of Directors effective January 1, 2015 and she will continue to serve the company in her director role after stepping down as the Chief Financial Officer. Mr. Ashley Law Kwok Wai, Vice President of Finance, will assume the responsibilities as an acting Chief Financial Officer, effective January 1, 2015. The company also announced that after serving nearly three years as a Director, Mr. Stephen Murphy has resigned from the Board of Directors for personal reasons, effective December 31, 2014. Mr. Law joined the company in November 2012 as Senior Director of Finance and Financial Controller, and subsequently was promoted to the Vice President of Finance in August 2014. Prior to that, he served in various controller and finance functions at CDC Corporation, Monty Group and Gameone Online Entertainment Group.

Renren Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Announces Impairment Charges for the Third Quarter of 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Renren Inc. announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company's total net revenues were $21.6 million compared with $41.1 million a year ago. Loss from operations was $95.7 million compared with $24.7 million a year ago. The increase of operating loss was primarily due to one-time impairment charges of intangible assets and goodwill. Loss from continuing operations was $38.2 million or $0.04 per basic and diluted share compared with $13.9 million or $0.01 per basic and diluted share a year ago. Net loss was $38.2 million compared with $24.7 million a year ago. Net loss attributable to the company was $38.1 million or $0.04 per basic and diluted share compared with $24.6 million or $0.02 per basic and diluted share a year ago. Adjusted net income was $29.3 million compared with net loss of $19.7 million a year ago. This was primarily due to the $47.2 million earnings in equity method investments that were mainly derived from earnings in Japan Macro Opportunities Offshore Partners, LP. The company announced impairment of intangible assets of $13.74 million and impairment of goodwill of $46.86 million for the third quarter ended September 30, 2014. The company expects to generate revenues in an amount ranging from $15 million to $17 million in the fourth quarter of 2014, representing 44.6% to 51.1% year-over-year decline.

Renren Inc. to Report Q3, 2014 Results on Nov 20, 2014

Renren Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 20, 2014

 

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Industry Analysis

RENN

Industry Average

Valuation RENN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.0x
Price/Book 0.8x
Price/Cash Flow 5.4x
TEV/Sales NM Not Meaningful
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