Momo (NASDAQ:MOMO) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Momo (NASDAQ:MOMO) from a buy rating to a hold rating in a report released on Tuesday morning, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Virtu Financial from a hold rating to a sell rating in a report on Tuesday, June 18th. Nomura upped their price target on shares of Momo from $47.00 to $49.00 and gave the company a buy rating in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a sell rating to a hold rating in a report on Thursday, June 6th. Citigroup set a $73.00 price target on shares of Esperion Therapeutics and gave the company a buy rating in a report on Tuesday, May 28th. Finally, Morgan Stanley set a €52.00 ($60.47) price target on shares of Vonovia and gave the company a buy rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Momo currently has an average rating of Buy and an average target price of $42.43.

Shares of NASDAQ MOMO opened at $34.44 on Tuesday. The firm has a market capitalization of $6.83 billion, a PE ratio of 17.57, a P/E/G ratio of 0.91 and a beta of 2.30. The firm’s 50 day moving average price is $31.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.24 and a current ratio of 4.24. Momo has a 52-week low of $22.85 and a 52-week high of $49.38.

Momo (NASDAQ:MOMO) last issued its quarterly earnings data on Tuesday, May 28th. The information services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.18. The firm had revenue of $554.73 million during the quarter, compared to analysts’ expectations of $531.78 million. Momo had a net margin of 15.96% and a return on equity of 23.10%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, analysts forecast that Momo will post 1.98 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in MOMO. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Momo by 17.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,599 shares of the information services provider’s stock valued at $204,000 after buying an additional 1,265 shares during the period. BlackRock Inc. boosted its holdings in shares of Momo by 14.2% in the fourth quarter. BlackRock Inc. now owns 7,504,573 shares of the information services provider’s stock valued at $178,235,000 after buying an additional 934,298 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Momo by 10.8% in the fourth quarter. Bank of New York Mellon Corp now owns 215,330 shares of the information services provider’s stock valued at $5,114,000 after buying an additional 20,993 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Momo in the fourth quarter worth $974,000. Finally, Raymond James & Associates lifted its position in shares of Momo by 51.6% in the fourth quarter. Raymond James & Associates now owns 66,757 shares of the information services provider’s stock worth $1,585,000 after purchasing an additional 22,721 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

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 talent shows, 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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