Weekly Research Analysts’ Ratings Changes for Momo (MOMO)

Momo (NASDAQ: MOMO) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2018 – Momo was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/1/2018 – Momo was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China. “
  • 1/30/2018 – Momo was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/26/2018 – Momo was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.
  • 1/24/2018 – Momo had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $45.00 price target on the stock.
  • 1/18/2018 – Momo was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/9/2018 – Momo was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/3/2018 – Momo was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China. “
  • 1/2/2018 – Momo is now covered by analysts at UBS Group AG. They set a “hold” rating and a $28.00 price target on the stock.

Shares of Momo Inc (MOMO) traded up $1.27 on Monday, reaching $27.65. 4,173,000 shares of the company traded hands, compared to its average volume of 5,475,047. Momo Inc has a 1 year low of $22.49 and a 1 year high of $46.69. The stock has a market cap of $5,640.00, a P/E ratio of 18.81 and a beta of 1.79.

Momo (NASDAQ:MOMO) last announced its earnings results on Tuesday, November 28th. The information services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Momo had a net margin of 25.88% and a return on equity of 39.60%. The firm had revenue of $354.10 million for the quarter, compared to the consensus estimate of $342.48 million. The firm’s revenue was up 125.5% on a year-over-year basis. analysts anticipate that Momo Inc will post 1.47 EPS for the current year.

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.

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