Best Social Media Stocks To Keep An Eye On – June 9th

Shopify, Vertiv, and HubSpot are the three Social Media stocks to watch today, according to MarketBeat’s stock screener tool. Social media stocks are shares of publicly traded companies whose core business is operating social networking platforms—such as Meta Platforms (Facebook), X (formerly Twitter), and Snap Inc.—that connect users through content sharing, messaging, and community building. Investors buy and trade these stocks to gain exposure to the companies’ growth in user engagement, advertising revenue, and new monetization strategies within the digital economy. These companies had the highest dollar trading volume of any Social Media stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

NYSE SHOP traded down $1.79 on Monday, reaching $109.62. 3,986,862 shares of the stock traded hands, compared to its average volume of 11,219,880. Shopify has a 12 month low of $48.56 and a 12 month high of $129.38. The firm’s fifty day simple moving average is $96.02 and its 200 day simple moving average is $105.05. The company has a market cap of $141.93 billion, a price-to-earnings ratio of 70.76, a P/E/G ratio of 4.82 and a beta of 2.63.

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

VRT stock traded down $2.35 during trading hours on Monday, hitting $113.01. 3,861,534 shares of the stock traded hands, compared to its average volume of 10,105,408. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $89.98 and a 200 day simple moving average of $104.38. Vertiv has a one year low of $53.60 and a one year high of $155.84. The company has a market cap of $43.07 billion, a P/E ratio of 88.29, a P/E/G ratio of 1.07 and a beta of 1.73.

HubSpot (HUBS)

HubSpot, Inc., together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.

Shares of HUBS traded down $6.50 during mid-day trading on Monday, hitting $602.91. The company’s stock had a trading volume of 266,224 shares, compared to its average volume of 644,030. The firm has a 50-day moving average price of $591.03 and a 200 day moving average price of $667.32. HubSpot has a fifty-two week low of $434.84 and a fifty-two week high of $881.13. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 6,699.69, a PEG ratio of 41.44 and a beta of 1.70.