NASDAQ:MOMO

Momo Stock Forecast, Price & News

$15.13
+0.23 (+1.54 %)
(As of 06/23/2021 01:40 PM ET)
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Today's Range
$14.96
$15.21
50-Day Range
$13.49
$15.78
52-Week Range
$12.52
$22.05
Volume59,390 shs
Average Volume3.92 million shs
Market Capitalization$2.51 billion
P/E Ratio10.81
Dividend YieldN/A
Beta1.49
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Momo logo

About Momo

Momo Inc. provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as live chats and mobile karaoke experience. It also operates Tantan, a social and dating application for younger generation, which enables users to find and establish romantic connections, and meet interesting people; and provides live video, value-added, mobile marketing, and other services, as well as mobile games. The company was formerly known as Momo Technology Company Limited and changed its name to Momo Inc. in July 2014. Momo Inc. was incorporated in 2011 and is headquartered in Beijing, the People's Republic of China.

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MarketRank

Overall MarketRank

2.00 out of 5 stars

Computer And Technology Sector

94th out of 1,591 stocks

Prepackaged Software Industry

24th out of 312 stocks

Analyst Opinion: 3.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Momo (NASDAQ:MOMO) Frequently Asked Questions

Is Momo a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Momo stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MOMO, but not buy additional shares or sell existing shares.
View analyst ratings for Momo
or view top-rated stocks.

What stocks does MarketBeat like better than Momo?

Wall Street analysts have given Momo a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Momo wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Momo's next earnings date?

Momo is scheduled to release its next quarterly earnings announcement on Thursday, September 2nd 2021.
View our earnings forecast for Momo
.

How were Momo's earnings last quarter?

Momo Inc. (NASDAQ:MOMO) posted its quarterly earnings results on Monday, June, 7th. The information services provider reported $2.91 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.34 by $0.57. The information services provider had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.40 billion. Momo had a net margin of 13.65% and a trailing twelve-month return on equity of 14.10%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.34 EPS.
View Momo's earnings history
.

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

Momo's stock was trading at $25.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MOMO stock has decreased by 41.5% and is now trading at $15.15.
View which stocks have been most impacted by COVID-19
.

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

Momo declared an annual dividend on Friday, March 26th. Stockholders of record on Tuesday, April 13th will be given a dividend of $0.62 per share on Friday, April 30th. This represents a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, April 12th.
View Momo's dividend history
.

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

Momo issued an update on its second quarter 2021 earnings guidance on Tuesday, June, 22nd. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $555.12 million-570.54 million, compared to the consensus revenue estimate of $563.68 million.

What price target have analysts set for MOMO?

9 analysts have issued twelve-month price objectives for Momo's stock. Their forecasts range from $15.00 to $26.00. On average, they anticipate Momo's stock price to reach $19.72 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
View analysts' price targets for Momo
or view top-rated stocks among Wall Street analysts.

Who are Momo's key executives?

Momo's management team includes the following people:
  • Mr. Yan Tang, Exec. Chairman (Age 42)
  • Mr. Li Wang, CEO, Pres & Director (Age 38)
  • Mr. Xiaoliang Lei, Co-Founder (Age 38)
  • Mr. Xiaosong Zhang, Chief Financial Officer (Age 58)
  • Ms. Cathy Peng, Head of Investor Relations

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), Intel (INTC), Square (SQ), Baidu (BIDU), Netflix (NFLX) and Bank of America (BAC).

When did Momo IPO?

(MOMO) raised $216 million in an IPO on Thursday, December 11th 2014. The company issued 16,000,000 shares at a price of $12.50-$14.50 per share. Morgan Stanley, Credit Suisse, J.P. Morgan and China Renaissance acted 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 a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (8.22%), BlackRock Inc. (4.29%), Dimensional Fund Advisors LP (2.02%), ARGA Investment Management LP (1.82%), Neuberger Berman Group LLC (1.52%) and FIL Ltd (1.37%).
View institutional ownership trends for Momo
.

Which institutional investors are selling Momo stock?

MOMO stock was sold by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, Russell Investments Group Ltd., Acadian Asset Management LLC, Geode Capital Management LLC, Tiger Pacific Capital LP, Duality Advisers LP, Renaissance Technologies LLC, and Dalton Investments LLC.
View insider buying and selling activity for Momo
or view top insider-selling stocks.

Which institutional investors are buying Momo stock?

MOMO stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Man Group plc, Islet Management LP, FIL Ltd, Grantham Mayo Van Otterloo & Co. LLC, APG Asset Management N.V., E Fund Management Co. Ltd., and BlackRock Inc..
View insider buying and selling activity for Momo
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Momo's stock price today?

One share of MOMO stock can currently be purchased for approximately $15.15.

How much money does Momo make?

Momo has a market capitalization of $2.51 billion and generates $2.30 billion in revenue each year. The information services provider earns $322.37 million in net income (profit) each year or $1.48 on an earnings per share basis.

How many employees does Momo have?

Momo employs 2,394 workers across the globe.

What is Momo's official website?

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

Where are Momo's headquarters?

Momo is headquartered at 20/F BLOCK B TOWER 2 WANGJING SOHO NO.1 FUTONGDONG STREET CHAOYANG DISTRICT, BEIJING F4, 100102.

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 6/23/2021 by MarketBeat.com Staff
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