Momo Inc (NASDAQ:MOMO) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm presently has a $42.17 target price on the information services provider’s stock. Vetr‘s target price would indicate a potential upside of 11.83% from the stock’s current price.

Several other equities research analysts also recently commented on MOMO. Zacks Investment Research downgraded shares of Momo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price target (up from $42.00) on shares of Momo in a report on Wednesday, May 24th. J P Morgan Chase & Co cut Momo from an “overweight” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Wednesday, May 24th. Deutsche Bank AG raised Momo from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $52.00 in a report on Wednesday, May 24th. Finally, HSBC Holdings plc lifted their price target on Momo from $43.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Momo has a consensus rating of “Buy” and a consensus target price of $40.89.

Momo (NASDAQ:MOMO) traded down 0.29% during mid-day trading on Wednesday, hitting $37.71. 6,724,936 shares of the company were exchanged. The stock’s 50 day moving average is $41.39 and its 200-day moving average is $37.77. Momo has a 12-month low of $16.73 and a 12-month high of $46.69. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 69.83 and a beta of 1.94.

Momo (NASDAQ:MOMO) last issued its earnings results on Tuesday, August 22nd. The information services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Momo had a net margin of 19.23% and a return on equity of 31.76%. The company had revenue of $312.20 million for the quarter, compared to the consensus estimate of $287.84 million. The company’s quarterly revenue was up 31120.0% compared to the same quarter last year. Equities research analysts predict that Momo will post $1.67 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Momo during the 2nd quarter worth about $101,000. D.A. Davidson & CO. acquired a new position in shares of Momo during the 2nd quarter worth about $136,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Momo during the 2nd quarter worth about $155,000. Alta Advisers Ltd acquired a new position in shares of Momo during the 2nd quarter worth about $156,000. Finally, ETF Managers Group LLC acquired a new position in shares of Momo during the 2nd quarter worth about $200,000. Institutional investors own 38.76% of the company’s stock.

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.

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

Analyst Recommendations for Momo (NASDAQ:MOMO)

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