News coverage about Momo (NASDAQ:MOMO) has trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Momo earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 45.7544435719509 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Momo (NASDAQ:MOMO) traded down $1.34 during trading hours on Tuesday, reaching $25.13. 5,621,700 shares of the company were exchanged, compared to its average volume of 4,560,000. The company has a market capitalization of $4,990.00, a P/E ratio of 17.10 and a beta of 1.54. Momo has a 52 week low of $21.30 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 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $354.10 million during the quarter, compared to the consensus estimate of $342.48 million. Momo had a net margin of 25.88% and a return on equity of 39.60%. The business’s revenue for the quarter was up 125.5% compared to the same quarter last year. equities research analysts forecast that Momo will post 1.47 EPS for the current year.

Several analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Momo in a research note on Tuesday, January 2nd. They set a “hold” rating and a $28.00 price target for the company. Jefferies Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Momo in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Momo from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Deutsche Bank set a $43.00 price target on shares of Momo and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, BidaskClub raised shares of Momo from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Momo presently has an average rating of “Buy” and an average target price of $41.23.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/01/16/momo-momo-earning-somewhat-positive-press-coverage-accern-reports.html.

About Momo

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.

Insider Buying and Selling by Quarter for Momo (NASDAQ:MOMO)

Receive News & Ratings for Momo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Momo and related companies with MarketBeat.com's FREE daily email newsletter.