Several analysts have recently updated their ratings and price targets for Momo (NASDAQ: MOMO):

  • 11/10/2018 – Momo was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/9/2018 – Momo was upgraded by analysts at 86 Research from a “hold” rating to a “buy” rating.
  • 11/2/2018 – Momo was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/1/2018 – Momo was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/23/2018 – Momo was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/18/2018 – Momo was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/2/2018 – Momo was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Shares of NASDAQ MOMO opened at $30.63 on Wednesday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 0.67 and a beta of 1.88. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.21. Momo Inc has a fifty-two week low of $22.49 and a fifty-two week high of $54.24.

Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Wednesday, August 22nd. The information services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.07. The firm had revenue of $494.27 million during the quarter, compared to analysts’ expectations of $479.37 million. Momo had a return on equity of 37.12% and a net margin of 25.40%. The company’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. As a group, equities research analysts forecast that Momo Inc will post 2.12 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its holdings in Momo by 39.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 107,324 shares of the information services provider’s stock valued at $4,669,000 after acquiring an additional 30,511 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Momo in the 2nd quarter valued at $1,750,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Momo by 63.6% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,200 shares of the information services provider’s stock valued at $313,000 after acquiring an additional 2,800 shares in the last quarter. Korea Investment CORP raised its holdings in shares of Momo by 30.5% during the 2nd quarter. Korea Investment CORP now owns 112,100 shares of the information services provider’s stock worth $4,876,000 after buying an additional 26,200 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Momo during the 2nd quarter worth $213,000. 53.23% of the stock is owned by hedge funds and other institutional investors.

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

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