Momo (MOMO) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Momo (NASDAQ:MOMO) from a sell rating to a strong sell rating in a report published on Thursday.

A number of other research firms have also commented on MOMO. 86 Research upgraded shares of Momo from a hold rating to a buy rating in a report on Friday, November 9th. BidaskClub upgraded shares of Momo from a sell rating to a hold rating in a report on Friday, November 2nd. TH Capital decreased their price objective on shares of Momo to $40.00 and set a buy rating for the company in a report on Wednesday, November 21st. Finally, Jefferies Financial Group restated a buy rating and issued a $58.00 price objective on shares of Momo in a report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Momo currently has a consensus rating of Buy and an average price target of $48.05.

NASDAQ:MOMO traded down $0.74 during midday trading on Thursday, reaching $26.31. 65,710 shares of the stock traded hands, compared to its average volume of 3,826,645. Momo has a 12 month low of $23.45 and a 12 month high of $54.24. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.31 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.65 and a beta of 1.84.



Momo (NASDAQ:MOMO) last posted its quarterly earnings results on Wednesday, December 5th. The information services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Momo had a net margin of 25.40% and a return on equity of 37.12%. The company had revenue of $536.00 million during the quarter, compared to analyst estimates of $535.30 million. During the same period in the prior year, the business posted $0.45 EPS. The firm’s revenue was up 51.4% compared to the same quarter last year. As a group, analysts anticipate that Momo will post 2.12 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN purchased a new stake in shares of Momo in the 3rd quarter worth about $201,000. Engineers Gate Manager LP purchased a new stake in shares of Momo in the 3rd quarter worth about $201,000. WINTON GROUP Ltd purchased a new stake in shares of Momo in the 3rd quarter worth about $211,000. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Momo in the 2nd quarter worth about $213,000. Finally, MML Investors Services LLC purchased a new stake in shares of Momo in the 3rd quarter worth about $217,000. 55.25% of the stock is currently owned by hedge funds and other institutional investors.

About Momo

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 videos, short videos, social games, and other video- and audio-based interactive experiences.

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Analyst Recommendations for Momo (NASDAQ:MOMO)

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