Staying connected through covid times: 5 social media stocks to watch

Summary

  • Facebook Inc. (Nasdaq: FB) has a market capitalization of US$1 trillion.
  • Twitter Inc. (Nasdaq: TWTR) reported an income of US$81.3 million in Q2, 2021.
  • Pinterest Inc. (NYSE: PINS) incurred a net loss of US$22 million in Q1, 2021.

Social media stocks are companies that provide digital platforms like websites and apps for users to connect, share content, and build a network of family, friends, and colleagues.

According to the Digital 2020 Global Overview Report, published by We Are Social Inc. and Hootsuite, over 3.8 billion people globally use social media platforms like Twitter, Facebook, and Snapchat. Social media helped people to remain in touch during the pandemic. Experts forecast the number of users will rise rapidly in the near future.

Here we explore five social media stocks in the market.

Facebook Inc (Nasdaq: FB)

Facebook Inc. runs social media sites/apps like Facebook, WhatsApp, Instagram, and messenger.

FB stock traded at US$370.82 at 11.40 am ET on July 23, up by 5.59 percent from the previous close. The stock rose 35.60 percent YTD. FB’s market capitalization is US$1 trillion.


Source: Pixabay.

The P/E ratio and the beta are 31.77 and 1.30, respectively. Earnings per share of the FB are US$11.67. The highest share price of the FB for the last 52 weeks is US$370.99, and the lowest is US$226.90. The share volume is 15,617,187.

Total revenue for Q1, 2021 ended on March 31 of the FB, was US$26.1 billion, up from US$17.7 billion of Q1, 2020. Gross profit for Q1, 2021, and Q1, 2020 were US$21 billion and US$14.7 billion, respectively.

Also read: 5 hot entertainment stocks to keep an eye on

Twitter Inc (Nasdaq: TWTR)

Twitter, a US-based company, runs a microblogging site where users can post tweets/messages.

The company’s stock value traded at US$77.62 am ET on July 23, a growth of 4.11 percent over the closing price of July 22. . Its stock prices swelled by 33.35 percent YTD.

The company, which launched its IPO in 2013, has a market capitalization of US$57.96 billion. Earnings per share of the TWTR are US$-1.34, and the beta is 0.76. The highest stock value of the company in the last 52 weeks is US$80.75, and the lowest is US$69.88. The share volume is 29,349,078.

Twitter’s total revenue for Q2, 2021 is US$1.1 billion, a rise from US$683 million of Q2, 2020. It incurred an income of US$81.3 million in the second quarter of 2021 and incurred losses of US$289.1 million in Q2, 2020.



Source: Pixabay.

Pinterest Inc (NYSE: PINS)

Pinterest Inc runs a visual discovery platform where users can share a collection of images, videos, or recipes.

The stock of the PINS traded at US$76.41 at 12.21 pm ET on July 23, a rise of 5.18 percent over the closing price of July 22. Its stock prices expanded by 15.27 percent YTD.

PINS that launched its IPO in 2019, has a market capitalization of US$48.3 billion. EPS is US$-0.01, and the beta is 1.27. The highest and lowest stock price for the last 52 weeks is 89.90-74.225. The share volume is 8,970,921.

The company's revenue swelled to US$485 million in Q1, 2021, up by 78 percent YoY. However, it incurred net losses of US$22 million. And its adjusted EBITDA was US$84 million.

Snap Inc (NYSE: SNAP)

Snap Inc, a camera application, enables users to communicate via videos and images.

The stock of the SNAP traded at US$78.57 at 12.41 pm ET on July 23, a rise of 25.07 percent over the closing price of July 22. Its stock prices expanded by 54.60 percent YTD.

PINS that launched its IPO in 2017, has a market capitalization of US$122.4 billion. EPS is US$-0.63, and the beta is 1.27. The highest and lowest stock price for the last 52 weeks is 78.88-20.61. The share volume is 80,922,077.

The total revenue of SNAP for Q2, 2021 was US$982.1 million, and for Q2, 2020, US$454.2 million. Its gross profit was US$537.1 million in Q2, 2021, and US$203.7 million in Q2, 2020. The company incurred losses of US$153.5 and US$327 million in this quarter.

Also read: What happened to GTT Communications (GTT) stock on Friday?

Match Group (Nasdaq: MTCH)

Match Group runs various dating mobile applications like Hinge, Tinder, OkCupid, and Match.

The stock of MTCH, traded at US$167.59 at 12.50 pm ET on July 23, increased by 4.39 percent over the previous closing price. Its stock prices rose by 10.74 percent YTD. MTCH’s market capitalization is US$46.29 billion.

The P/E ratio is 89.96. Earnings per share of the MTCH are US$1.86. The company's total revenue for Q1, 2021 was US$667.6 million and US$544.6 million YoY. Its operating income for this quarter was US$189.3 million as compared to Q1, the 2020s US$137.4 million.


Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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