Momo Inc (MOMO) Stock Rating Upgraded by Vetr Inc.

Momo Inc (NASDAQ:MOMO) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $36.45 price objective on the stock. Vetr‘s price target would suggest a potential upside of 6.42% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Jefferies Group LLC initiated coverage on Momo in a research report on Wednesday, February 8th. They set a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Momo in a research report on Monday, February 27th. Zacks Investment Research raised Momo from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, March 9th. Instinet initiated coverage on Momo in a research report on Monday, February 13th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, TheStreet cut Momo from a “b-” rating to a “c+” rating in a research report on Thursday, January 26th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.92.

Analyst Recommendations for Momo (NASDAQ:MOMO)

Shares of Momo (NASDAQ:MOMO) traded down 2.17% during mid-day trading on Monday, hitting $34.25. The company had a trading volume of 5,829,721 shares. The firm has a market capitalization of $6.65 billion, a PE ratio of 47.57 and a beta of 1.86. Momo has a 52 week low of $8.88 and a 52 week high of $35.76. The firm has a 50-day moving average price of $27.09 and a 200-day moving average price of $23.52.

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Momo (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, March 7th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $195.78 million. Momo had a return on equity of 13.50% and a net margin of 19.51%. Momo’s revenue was up 523.0% on a year-over-year basis. Equities analysts forecast that Momo will post $1.38 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Top Ace Asset Management boosted its stake in shares of Momo by 133.3% in the fourth quarter. Top Ace Asset Management now owns 700,000 shares of the company’s stock worth $11,214,000 after buying an additional 400,000 shares in the last quarter. Tairen Capital Ltd boosted its stake in shares of Momo by 488.0% in the first quarter. Tairen Capital Ltd now owns 88,200 shares of the company’s stock worth $991,000 after buying an additional 73,200 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Momo by 9.5% in the first quarter. BlackRock Fund Advisors now owns 60,379 shares of the company’s stock worth $679,000 after buying an additional 5,236 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Momo by 0.4% in the first quarter. BlackRock Group LTD now owns 9,907 shares of the company’s stock worth $111,000 after buying an additional 40 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in shares of Momo during the first quarter worth approximately $423,000. 14.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:MOMO

To view Vetr’s full report, visit Vetr’s official website.

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Momo Inc (MOMO) Stock Rating Upgraded by Vetr Inc.

Momo Inc (NASDAQ:MOMO) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $36.45 price objective on the stock. Vetr‘s price target would suggest a potential upside of 6.42% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Jefferies Group LLC initiated coverage on Momo in a research report on Wednesday, February 8th. They set a “buy” rating and a $30.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Momo in a research report on Monday, February 27th. Zacks Investment Research raised Momo from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research report on Thursday, March 9th. Instinet initiated coverage on Momo in a research report on Monday, February 13th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, TheStreet cut Momo from a “b-” rating to a “c+” rating in a research report on Thursday, January 26th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.92.

Analyst Recommendations for Momo (NASDAQ:MOMO)

Shares of Momo (NASDAQ:MOMO) traded down 2.17% during mid-day trading on Monday, hitting $34.25. The company had a trading volume of 5,829,721 shares. The firm has a market capitalization of $6.65 billion, a PE ratio of 47.57 and a beta of 1.86. Momo has a 52 week low of $8.88 and a 52 week high of $35.76. The firm has a 50-day moving average price of $27.09 and a 200-day moving average price of $23.52.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/momo-inc-momo-stock-rating-upgraded-by-vetr-inc.html

Momo (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, March 7th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $195.78 million. Momo had a return on equity of 13.50% and a net margin of 19.51%. Momo’s revenue was up 523.0% on a year-over-year basis. Equities analysts forecast that Momo will post $1.38 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Top Ace Asset Management boosted its stake in shares of Momo by 133.3% in the fourth quarter. Top Ace Asset Management now owns 700,000 shares of the company’s stock worth $11,214,000 after buying an additional 400,000 shares in the last quarter. Tairen Capital Ltd boosted its stake in shares of Momo by 488.0% in the first quarter. Tairen Capital Ltd now owns 88,200 shares of the company’s stock worth $991,000 after buying an additional 73,200 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Momo by 9.5% in the first quarter. BlackRock Fund Advisors now owns 60,379 shares of the company’s stock worth $679,000 after buying an additional 5,236 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Momo by 0.4% in the first quarter. BlackRock Group LTD now owns 9,907 shares of the company’s stock worth $111,000 after buying an additional 40 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in shares of Momo during the first quarter worth approximately $423,000. 14.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:MOMO

To view Vetr’s full report, visit Vetr’s official website.

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

Leave a Reply

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