Momo Company Profile (NASDAQ:MOMO)

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

Momo Inc. (NASDAQ:MOMO) announced its quarterly earnings results on Tuesday, August, 22nd. The company reported $0.29 EPS for the quarter, beating the Zacks' consensus estimate of $0.28 by $0.01. The firm earned $312.20 million during the quarter, compared to the consensus estimate of $287.84 million. Momo had a net margin of 27.00% and a return on equity of 38.94%. The company's revenue was up 31120.0% on a year-over-year basis. View Momo's Earnings History.

Momo is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Momo.

14 analysts have issued 12-month price targets for Momo's shares. Their forecasts range from $28.00 to $56.00. On average, they expect Momo's share price to reach $41.79 in the next twelve months. View Analyst Ratings for Momo.

Here are some recent quotes from research analysts about Momo stock:

• 1. Goldman Sachs Group, Inc. (The) analysts commented, "Our target P/E multiple of 22X (also in line with average 1-yr forward P/E since MOMO's IPO in 2014) is derived at 1SD lower than the historical trading range (since 2012) of global peers, given that MOMO is still a niche player in social networking unlike big platform peers such as Tencent Holdings Ltd (OTC: TCEHY) and Facebook Inc (NASDAQ: FB) that cater to mass demand." (8/30/2017)
• 2. According to Zacks Investment Research, "Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China. " (8/9/2017)

Momo saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,138,359 shares, an increase of 135.5% from the August 15th total of 2,606,814 shares. Based on an average daily volume of 13,118,427 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.0% of the company's shares are short sold.

Some companies that are related to Momo include Snap (SNAP), GrubHub (GRUB), Cheetah Mobile (CMCM), Mitek Systems (MITK), Telenav (TNAV), Bango plc (BGO), SITO Mobile (SITO), Artilium plc (ARTA), Nektan PLC (NKTN), China Mobile Games & Entnmnt Grp Ltd (CMGE), GLOBO Plc (GBO), iDreamSky Technology Ltd (DSKY) and Motive Television Plc (MTV).

Momo's management team includes the folowing people:

• Yan Tang, Chairman of the Board, Chief Executive Officer
• Xiaoliang Lei, Co-President
• Jingping Zhang, Co-President
• Xiaosong Zhang, Chief Financial Officer
• Sichuan Zhang, Director, President of U.S. operations
• Li Wang, Chief Operating Officer
• Chunlai Wang, Chief Technology Officer
• Yong Li, Director
• Ho Kee Man, Director
• Neil Nanpeng Shen, Director

(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.

Momo's stock is owned by a number of of institutional and retail investors. Top institutional investors include Light Street Capital Management LLC (0.00%), Acadian Asset Management LLC (2.77%), BlackRock Inc. (1.84%), OZ Management LP (1.35%), Hillhouse Capital Management Ltd. (0.00%) and Greenwoods Asset Management Ltd (1.02%). View Institutional Ownership Trends for Momo.

Momo's stock was sold by a variety of institutional investors in the last quarter, including Tairen Capital Ltd, Bamco Inc. NY, Wells Fargo & Company MN, OZ Management LP, Segantii Capital Management Ltd, Pacad Investment Ltd., Cubist Systematic Strategies LLC and Nationwide Fund Advisors. View Insider Buying and Selling for Momo.

Momo's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Greenwoods Asset Management Ltd, State Street Corp, BT Investment Management Ltd, Light Street Capital Management LLC, Pictet Asset Management Ltd. and Goldman Sachs Group Inc.. View Insider Buying and Selling for Momo.

Shares of Momo can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Momo stock can currently be purchased for approximately $34.97.