Momo Inc (NASDAQ:MOMO) has been assigned a consensus rating of “Buy” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $52.65.
A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Momo from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub raised shares of Momo from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. 86 Research raised shares of Momo from a “hold” rating to a “buy” rating in a report on Friday. Finally, Zacks Investment Research downgraded shares of Momo from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th.
Institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. bought a new stake in shares of Momo during the 2nd quarter worth approximately $135,000. OLD National Bancorp IN bought a new stake in shares of Momo during the 3rd quarter worth approximately $201,000. Engineers Gate Manager LP bought a new stake in shares of Momo during the 3rd quarter worth approximately $201,000. WINTON GROUP Ltd bought a new stake in shares of Momo during the 3rd quarter worth approximately $211,000. Finally, Liberty Mutual Group Asset Management Inc. bought a new stake in shares of Momo during the 2nd quarter worth approximately $213,000. 53.48% of the stock is owned by institutional investors.
MOMO traded down $2.35 on Monday, reaching $32.65. The company had a trading volume of 5,602,937 shares, compared to its average volume of 4,937,865. Momo has a fifty-two week low of $22.49 and a fifty-two week high of $54.24. The firm has a market cap of $7.30 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 0.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.46 and a current ratio of 3.46.
Momo (NASDAQ:MOMO) last announced its quarterly earnings results on Wednesday, August 22nd. The information services provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.07. The business had revenue of $494.27 million for the quarter, compared to analyst estimates of $479.37 million. Momo had a net margin of 25.40% and a return on equity of 37.12%. Momo’s quarterly revenue was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, equities analysts forecast that Momo will post 2.19 earnings per share for the current year.
Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live videos, short videos, social games, and other video- and audio-based interactive experiences.
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