TWTR, FB, and PIN among top social media stocks to explore in May

Highlights:

• Alphabet Inc.’s (NASDAQ:GOOGL) revenue surged 23% YoY in Q1, FY22.
• Meta Platforms, Inc.’s (NASDAQ:FB) revenue soared 7% YoY in the first quarter of fiscal 2022.
• Snap, Inc.’s (NYSE:SNAP) daily active users surged 18% YoY in Q1, FY22.

Social media stocks are always in the trend. Tesla CEO Elon Musk’s deal to acquire Twitter only adds to the zing of social media stocks.

The recent reported earnings by some big names in the social media sector have drawn more investors.

It is a rapidly growing sector, which gathered steam during the Covid-19 pandemic. More and more people got hooked to social media websites during the lockdown.

Here, we explore some of the top social media companies that may continue to grab headlines in the coming months.

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Alphabet Inc. (NASDAQ:GOOGL)

Alphabet is a leading multinational firm that focuses on internet-related services including search engines, social media, cloud services, and other related solutions. It is based out of Mountain View, California.

Its shares closed at US$2207.68 on May 19, down 1.35% from their previous closing price of May 18. Its stock value decreased by 23.87% YTD.

The firm has a market cap of US$1.45 trillion, a P/E ratio of 19.97, and a forward one-year P/E ratio of 19.60. Its EPS is US$110.56.

The 52-week highest and lowest stock prices were US$3,030.93 and US$2,196.49, respectively. Its trading volume was 1,707,220 on May 19.

The company reported a revenue of US$68.01 billion in Q1, FY22, an increase of 23% YoY. Its net income came in at US$16.43 billion, or US$24.62 per diluted share, compared to US$17.93 billion, or US$26.29 per diluted share in the year-ago quarter.

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                                                                      Source: Pixabay

Meta Platforms, Inc. (NASDAQ:FB)

Meta Platforms, formerly known as Facebook, is part of the technology conglomerate and a social media giant. It is the parent company of social media platforms like Facebook, Instagram, and WhatsApp and is based in Menlo Park, California.

Meta stock closed at US$191.29 on May 19, down 0.49% from its previous closing price. The FB stock fell 43.21% YTD.

The market cap of the company is US$517.69 billion, a P/E ratio of 14.47, and the forward one-year P/E ratio is 16.45. Its EPS is US$13.22.

The stock saw the highest price of US$384.33 and the lowest price of US$169.00 in the last 52-week period. Its share volume on May 19 was 24,446,940.

The company's revenue increased by 7% YoY to US$27.90 billion in Q1, FY22. Its net income was US$7.46 billion, or US$2.72 per diluted share, compared to US$9.49 billion, or US$3.30 per diluted share in Q1, FY21.

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Twitter, Inc. (NYSE:TWTR)

Twitter is a microblogging and social networking services firm that enables users to post or interact with each other through its platform. It is based in San Francisco, California.

Its shares closed at US$37.29 on May 19, up 1.19% from their closing price of May 18. Its stock plunged 12.59% YTD.

The firm has a market cap of US$28.49 billion, a P/E ratio of 162.13, and a forward one-year P/E ratio of 37.67. Its EPS is US$0.23.

Twitter’s 52-week highest and lowest stock prices were US$73.34 and US$31.30, respectively. Its trading volume was 32,000,300 on May 19.

The company reported a revenue of US$1.20 billion in Q1, FY22, an increase of 16% YoY. Its net income came in at US$513.28 million, or US$0.61 per diluted share, compared to US$68.00 million, or US$0.08 per diluted share in the year-ago quarter.

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Snap, Inc. (NYSE:SNAP)

Snap is a camera and social media firm based in Santa Monica, California. Its offerings include Snapchat, Spectacles, etc.

Its stock closed at US$23.20 on May 19, up 2.07% from its previous closing price. The SNAP stock declined 50.2% YTD.

The market cap of the company is US$37.96 billion, and the forward one-year P/E ratio is -53.95. Its EPS is US$-0.36.

The stock saw the highest price of US$83.34 and the lowest price of US$20.95 in the last 52 weeks. Its share volume on May 19 was 30,700,770.

The company's revenue increased by 38% YoY to US$1.06 billion in Q1, FY22, while its daily active users surged 18% YoY to 332 million. It reported a net loss of US$360 million, as compared to US$287 million in Q1, FY21.

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Pinterest Inc. (NYSE:PINS)

Pinterest is an image sharing and social media firm where users can discover and personalize visual content known as Pins. It is based in San Francisco, California.

Its shares of closed at US$23.14 on May 19, up 4.75% from their closing price of May 18. Its stock value dropped 39.33% YTD.

The firm has a market cap of US$15.35 billion, a P/E ratio of 48.21, and a forward one-year P/E ratio of 60.89. Its EPS is US$0.48.

The 52-week highest and lowest stock prices were US$81.77 and US$18.32, respectively. Its trading volume was 17,709,890 on May 19.

Pinterest’s revenue ascended 18% YoY to US$575 million in Q1, FY22. Its GAAP net loss came in at US$5 million, compared to a loss of US$21.67 million in the same quarter of the previous year.

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Bottom line:

Various macroeconomic factors like elevated inflation, Fed's anticipated interest rate hikes, and other market uncertainties have kept investors away from growth stocks. Meanwhile, the S&P 500 communication services sector fell 27.39% YTD, decreasing 21.60% over the past 12 months. It is one of the worst-performing indexes in recent months.

So, investors should exercise due diligence before investing in the equity market that is currently shaky.