Press coverage about Momo (NASDAQ:MOMO) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Momo earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 46.0646015632324 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Uber signs first Sоuthеast Asian e-wallet deal with Vietnam’s MоMо (newscame.com)
- Implied PGJ Analyst Target Price: $50 (nasdaq.com)
- Here are the SLO County businesses that opened in 2017 (sanluisobispo.com)
- Eye-Catching Shares: Momo Inc (NASDAQ: MOMO) – Alpha Beta Stock (alphabetastock.com)
- Momo Inc., (NASDAQ: MOMO) – Stock’s Technical Levels under Review – Stock Watch (stocksnewstimes.com)
A number of equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Momo in a research report on Tuesday. They set a “hold” rating and a $28.00 price objective for the company. TheStreet upgraded shares of Momo from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. JPMorgan Chase & Co. lowered their target price on shares of Momo to $30.00 in a research note on Wednesday, November 29th. Deutsche Bank set a $43.00 target price on shares of Momo and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Benchmark lowered their target price on shares of Momo from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 29th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.23.
Shares of Momo (MOMO) traded up $1.38 during mid-day trading on Tuesday, reaching $25.86. 3,420,899 shares of the company’s stock traded hands, compared to its average volume of 5,950,000. Momo has a 1-year low of $17.78 and a 1-year high of $46.69. The stock has a market cap of $5,140.00 and a PE ratio of 17.59.
Momo (NASDAQ:MOMO) last posted its earnings results on Tuesday, November 28th. The information services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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. Momo’s revenue for the quarter was up 125.5% on a year-over-year basis. equities research analysts predict that Momo will post 1.47 earnings per share for the current fiscal year.
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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.
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