Momo Inc. (NASDAQ:MOMO) – Stock analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Momo in a research note issued on Tuesday. Jefferies Group analyst K. Chan now expects that the information services provider will earn $1.47 per share for the year, up from their prior forecast of $1.44. Jefferies Group has a “Buy” rating and a $54.00 price objective on the stock.

Momo (NASDAQ:MOMO) last issued its quarterly earnings results on Tuesday, November 28th. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $354.10 million during the quarter, compared to analysts’ expectations of $342.48 million. Momo had a return on equity of 42.16% and a net margin of 25.88%. The firm’s revenue for the quarter was up 125.5% compared to the same quarter last year.

MOMO has been the subject of a number of other reports. TheStreet raised Momo from a “c+” rating to a “b” rating in a report on Monday, August 7th. Vetr cut Momo from a “strong-buy” rating to a “buy” rating and set a $42.25 target price on the stock. in a research note on Monday, September 4th. Goldman Sachs Group assumed coverage on shares of Momo in a report on Wednesday, August 30th. They set a “buy” rating and a $56.00 target price for the company. Deutsche Bank set a $43.00 price objective on shares of Momo and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of Momo from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.23.

Shares of Momo (NASDAQ:MOMO) traded down $1.51 during trading hours on Friday, hitting $24.00. The stock had a trading volume of 12,555,700 shares, compared to its average volume of 5,442,064. The firm has a market cap of $4,750.00 and a P/E ratio of 16.95. Momo has a 12 month low of $16.73 and a 12 month high of $46.69.

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in Momo by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 613,232 shares of the information services provider’s stock worth $19,219,000 after buying an additional 67,533 shares during the period. GSA Capital Partners LLP bought a new position in Momo in the third quarter valued at $1,191,000. California Public Employees Retirement System grew its stake in shares of Momo by 20.0% during the third quarter. California Public Employees Retirement System now owns 171,886 shares of the information services provider’s stock valued at $5,387,000 after buying an additional 28,686 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Momo by 105.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,362 shares of the information services provider’s stock valued at $390,000 after buying an additional 6,351 shares during the last quarter. Finally, Sylebra HK Co Ltd grew its stake in shares of Momo by 107.8% during the third quarter. Sylebra HK Co Ltd now owns 640,841 shares of the information services provider’s stock valued at $20,084,000 after buying an additional 332,379 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

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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.

Earnings History and Estimates for Momo (NASDAQ:MOMO)

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