Momo Inc (NASDAQ:MOMO) Receives Consensus Recommendation of “Buy” from Analysts

Momo Inc (NASDAQ:MOMO) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $41.40.

Several research firms recently commented on MOMO. Zacks Investment Research downgraded shares of Momo from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Momo in a research report on Monday, August 5th. They set a “buy” rating and a $40.40 price target on the stock. Finally, BidaskClub upgraded shares of Momo from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th.

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC bought a new stake in shares of Momo during the 3rd quarter valued at $26,000. Ayalon Holdings Ltd. bought a new position in shares of Momo in the third quarter worth $59,000. Tower Research Capital LLC TRC increased its position in shares of Momo by 92.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,794 shares of the information services provider’s stock worth $136,000 after purchasing an additional 1,818 shares during the period. CSat Investment Advisory L.P. acquired a new position in Momo in the second quarter valued at about $155,000. Finally, US Bancorp DE raised its stake in Momo by 5.9% in the second quarter. US Bancorp DE now owns 6,223 shares of the information services provider’s stock valued at $223,000 after purchasing an additional 349 shares in the last quarter. 62.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MOMO traded down $1.51 during trading hours on Friday, reaching $36.43. 2,512,300 shares of the stock were exchanged, compared to its average volume of 3,139,018. The stock’s fifty day simple moving average is $35.08 and its 200 day simple moving average is $33.32. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 18.59 and a beta of 2.22. Momo has a 52 week low of $22.85 and a 52 week high of $41.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.03 and a current ratio of 6.03.

Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, August 27th. The information services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.07). The firm had revenue of $604.90 million during the quarter, compared to analyst estimates of $584.68 million. Momo had a net margin of 14.68% and a return on equity of 21.74%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. Research analysts predict that Momo will post 1.49 EPS for the current fiscal year.

Momo Company Profile

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 talent shows, short videos, social games, and other video- and audio-based interactive experiences.

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Analyst Recommendations for Momo (NASDAQ:MOMO)

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