Momo (NASDAQ:MOMO) Stock Rating Upgraded by ValuEngine

Momo (NASDAQ:MOMO) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Momo from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Saturday, January 4th. Benchmark boosted their target price on shares of Momo from $47.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, UBS Group raised their price target on shares of Momo from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.20.

Momo stock traded down $1.15 during trading on Tuesday, reaching $37.94. 49,532 shares of the company were exchanged, compared to its average volume of 2,720,813. The stock’s 50 day simple moving average is $36.28 and its two-hundred day simple moving average is $34.96. The company has a market capitalization of $8.12 billion, a P/E ratio of 19.39 and a beta of 2.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.14 and a quick ratio of 6.14. Momo has a 52-week low of $25.69 and a 52-week high of $41.50.

Momo (NASDAQ:MOMO) last issued its earnings results on Tuesday, November 26th. The information services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Momo had a return on equity of 23.03% and a net margin of 15.84%. The company had revenue of $622.81 million during the quarter, compared to analysts’ expectations of $613.62 million. As a group, equities analysts forecast that Momo will post 1.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new stake in shares of Momo during the 3rd quarter worth approximately $26,000. Ayalon Holdings Ltd. acquired a new stake in Momo in the 3rd quarter valued at approximately $59,000. Quantum Capital Management acquired a new stake in Momo in the 3rd quarter valued at approximately $76,000. Tower Research Capital LLC TRC raised its position in 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 valued at $136,000 after purchasing an additional 1,818 shares during the period. Finally, CSat Investment Advisory L.P. purchased a new stake in Momo in the second quarter valued at approximately $155,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Momo (NASDAQ:MOMO)

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