Momo Inc. (NASDAQ:MOMO) was the target of some unusual options trading activity on Monday. Traders acquired 17,472 put options on the company. This is an increase of approximately 942% compared to the average volume of 1,677 put options.

A number of analysts recently weighed in on MOMO shares. Zacks Investment Research cut shares of Momo from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Standpoint Research started coverage on shares of Momo in a research note on Wednesday, August 30th. They issued a “buy” rating and a $44.00 target price on the stock. Vetr raised shares of Momo from a “buy” rating to a “strong-buy” rating and set a $42.17 target price on the stock in a research note on Wednesday, September 6th. Benchmark lowered their target price on shares of Momo from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, J P Morgan Chase & Co lowered their target price on shares of Momo to $30.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.23.

Institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Momo during the second quarter worth about $101,000. D.A. Davidson & CO. acquired a new position in shares of Momo during the second quarter worth approximately $136,000. Rational Advisors LLC lifted its position in shares of Momo by 108.7% during the third quarter. Rational Advisors LLC now owns 4,800 shares of the information services provider’s stock worth $150,000 after purchasing an additional 2,500 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Momo during the second quarter worth approximately $155,000. Finally, Alta Advisers Ltd acquired a new position in shares of Momo during the second quarter worth approximately $156,000. 40.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Momo (MOMO) opened at $25.51 on Thursday. The firm has a market cap of $4,877.41, a PE ratio of 16.95 and a beta of 1.77. Momo has a 52 week low of $16.73 and a 52 week high of $46.69.

Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, November 28th. The information services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The firm had revenue of $354.10 million for the quarter, compared to analysts’ expectations of $342.48 million. Momo had a net margin of 25.88% and a return on equity of 42.16%. The firm’s quarterly revenue was up 125.5% compared to the same quarter last year. equities analysts predict that Momo will post 1.46 EPS for the current fiscal year.

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Momo Company Profile

Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.

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