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NASDAQ:MOMOMomo Stock Price, Forecast & News

$19.71
-0.82 (-3.99 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$19.60
Now: $19.71
$20.41
50-Day Range
$16.79
MA: $18.93
$21.38
52-Week Range
$16.61
Now: $19.71
$40.87
Volume3.47 million shs
Average Volume4.36 million shs
Market Capitalization$4.09 billion
P/E Ratio9.52
Dividend YieldN/A
Beta1.67
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. The company also operates Tantan, a social and dating app to help its users to find and establish romantic connections, as well as to meet interesting people primarily for young mobile Internet users. The company was formerly known as Momo Technology Company Limited and changed its name to Momo Inc. in July 2014. Momo Inc. was founded in 2011 and is headquartered in Beijing, the People's Republic of China.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 4.4 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:MOMO
CUSIPN/A
Phone86-10-5731-0567

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.44 billion
Cash Flow$2.29 per share
Book Value$9.49 per share

Profitability

Net Income$426.74 million

Miscellaneous

Employees2,350
Market Cap$4.09 billion
Next Earnings Date9/3/2020 (Confirmed)
OptionableOptionable
$19.71
-0.82 (-3.99 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Momo (NASDAQ:MOMO) Frequently Asked Questions

How has Momo's stock price been impacted by Coronavirus (COVID-19)?

Momo's stock was trading at $25.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MOMO shares have decreased by 23.9% and is now trading at $19.71.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Momo?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Momo
.

When is Momo's next earnings date?

Momo is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020.
View our earnings forecast for Momo
.

How were Momo's earnings last quarter?

Momo Inc (NASDAQ:MOMO) announced its quarterly earnings data on Thursday, May, 28th. The information services provider reported $3.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $3.00. The information services provider had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Momo had a net margin of 19.07% and a return on equity of 25.51%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share.
View Momo's earnings history
.

How often does Momo pay dividends? What is the dividend yield for Momo?

Momo announced a -- dividend on Friday, March 20th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.76 per share on Thursday, April 30th. This represents a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, April 7th.
View Momo's dividend history
.

What guidance has Momo issued on next quarter's earnings?

Momo updated its second quarter 2020 Pre-Market earnings guidance on Thursday, May, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $543.4-557.7 million, compared to the consensus revenue estimate of $562.91 million.

What price target have analysts set for MOMO?

7 Wall Street analysts have issued 12 month price objectives for Momo's stock. Their forecasts range from $22.00 to $35.00. On average, they expect Momo's share price to reach $30.10 in the next year. This suggests a possible upside of 52.7% from the stock's current price.
View analysts' price targets for Momo
.

Has Momo been receiving favorable news coverage?

News stories about MOMO stock have been trending negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Momo earned a media sentiment score of -2.7 on InfoTrie's scale. They also assigned news coverage about the information services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Momo
.

Are investors shorting Momo?

Momo saw a increase in short interest during the month of May. As of May 29th, there was short interest totaling 7,280,000 shares, an increase of 11.0% from the May 14th total of 6,560,000 shares. Based on an average trading volume of 4,090,000 shares, the short-interest ratio is presently 1.8 days.
View Momo's Short Interest
.

Who are some of Momo's key competitors?

What other stocks do shareholders of Momo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Momo investors own include Alibaba Group (BABA), Micron Technology (MU), NVIDIA (NVDA), JD.Com (JD), Advanced Micro Devices (AMD), Square (SQ), Baidu (BIDU), Netflix (NFLX), Bank of America (BAC) and Applied Materials (AMAT).

Who are Momo's key executives?

Momo's management team includes the following people:
  • Mr. Yan Tang, Chairman & CEO (Age 40)
  • Mr. Li Wang, COO, Pres & Director (Age 36)
  • Mr. Xiaoliang Lei, Co-Founder & Pres of Game Operations (Age 36)
  • Mr. Xiaosong Zhang, Chief Financial Officer (Age 56)
  • Mr. Chunlai Wang, Chief Technology Officer (Age 32)

When did Momo IPO?

(MOMO) raised $216 million in an initial public offering on Thursday, December 11th 2014. The company issued 16,000,000 shares at $12.50-$14.50 per share. Morgan Stanley, Credit Suisse, J.P. Morgan and China Renaissance served as the underwriters for the IPO.

What is Momo's stock symbol?

Momo trades on the NASDAQ under the ticker symbol "MOMO."

Who are Momo's major shareholders?

Momo's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.54%), Platinum Investment Management Ltd. (2.17%), Kylin Management LLC (0.88%), FIL Ltd (0.79%), Krane Funds Advisors LLC (0.77%) and Bank of America Corp DE (0.54%).
View institutional ownership trends for Momo
.

Which major investors are selling Momo stock?

MOMO stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, FMR LLC, SG Americas Securities LLC, Zurcher Kantonalbank Zurich Cantonalbank, NorthCoast Asset Management LLC, Skandinaviska Enskilda Banken AB publ , Handelsinvest Investeringsforvaltning, and Banque Cantonale Vaudoise.
View insider buying and selling activity for Momo
.

Which major investors are buying Momo stock?

MOMO stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Vanguard Group Inc., Broad Peak Investment Holdings Ltd., Kylin Management LLC, Unigestion Holding SA, Platinum Investment Management Ltd., Bank of America Corp DE, and Man Group plc.
View insider buying and selling activity for Momo
.

How do I buy shares of Momo?

Shares of MOMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Momo's stock price today?

One share of MOMO stock can currently be purchased for approximately $19.71.

How big of a company is Momo?

Momo has a market capitalization of $4.09 billion and generates $2.44 billion in revenue each year. The information services provider earns $426.74 million in net income (profit) each year or $1.94 on an earnings per share basis. Momo employs 2,350 workers across the globe.

What is Momo's official website?

The official website for Momo is www.immomo.com.

How can I contact Momo?

Momo's mailing address is 20/F BLOCK B TOWER 2 WANGJING SOHO NO.1 FUTONGDONG STREET CHAOYANG DISTRICT, BEIJING F4, 100102. The information services provider can be reached via phone at 86-10-5731-0567 or via email at [email protected]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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