Momo (NASDAQ:MOMO)‘s stock had its “hold” rating reaffirmed by Nomura in a research report issued to clients and investors on Friday, AnalystRatings.com reports. They presently have a $22.00 price target on the information services provider’s stock. Nomura’s price target indicates a potential upside of 41.94% from the company’s previous close.
Several other analysts have also recently commented on the stock. Daiwa Capital Markets cut shares of Momo from a “buy” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Thursday, May 28th. Benchmark lowered their target price on shares of Momo from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Citigroup cut shares of Momo from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $20.00 in a research note on Friday. Morgan Stanley cut shares of Momo from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $16.00 to $17.00 in a research note on Friday. Finally, Credit Suisse Group cut shares of Momo from an “outperform” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.59.
Shares of MOMO opened at $15.50 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.68 and a quick ratio of 4.68. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $21.73. Momo has a 1-year low of $15.40 and a 1-year high of $40.87. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54.
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Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Thursday, September 3rd. The information services provider reported $3.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $2.72. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Momo had a net margin of 19.07% and a return on equity of 25.51%. The company’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. On average, equities analysts expect that Momo will post 1.72 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of Momo in the 2nd quarter valued at $38,000. Marathon Asset Management LLP acquired a new position in shares of Momo during the 2nd quarter valued at $49,000. U S Global Investors Inc. acquired a new position in shares of Momo during the 2nd quarter valued at $52,000. US Bancorp DE lifted its holdings in shares of Momo by 14.7% during the 1st quarter. US Bancorp DE now owns 6,755 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 868 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of Momo during the 1st quarter valued at $166,000. Institutional investors own 55.48% of the company’s stock.
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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