Momo (MOMO) Earning Somewhat Positive Press Coverage, Accern Reports
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:
- Tencent-Backed Video Site Is Said to Seek $17 Billion Valuation (bloombergquint.com)
- Itafos Announces the Closing of the Acquisition of the Conda Phosphate Operations and the Appointment of Ron Wilkinson to Its Board of Directors (itbusinessnet.com)
- Momo Inc (ADR) Stock May Be Getting Its Mojo Back (investorplace.com)
- Ligand (LGND) Inks Deal With Glenmark for OmniAb Platform (zacks.com)
- March 2nd Options Now Available For Momo (nasdaq.com)
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.
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.
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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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