Momo Inc. operates as a mobile-based social networking platform in the People's Republic of China. The company's platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations and interests; and Hani, a live video application. The company also offers games, which are designed with various themes, cultural characteristics, and features to appeal to various segments of the game player community; paid emoticons, and mobile marketing services; and live video, value-added, and other services. The company was formerly known as Momo Technology Company Limited and changed its name to Momo Inc. Momo Inc. was founded in 2011 and is headquartered in Beijing, the People's Republic of China.
Industry, Sector and Symbol
Industry Prepackaged software
SectorComputer and Technology
Trailing P/E Ratio34.73
Forward P/E Ratio22.90
Sales & Book Value
Annual Sales$1.32 billion
Price / Sales8.03
Cash Flow$1.6469 per share
Price / Cash32.26
Book Value$5.21 per share
Price / Book10.20
EPS (Most Recent Fiscal Year)$1.53
Net Income$318.56 million
Return on Equity37.07%
Return on Assets30.16%
Momo (NASDAQ:MOMO) Frequently Asked Questions
What is Momo's stock symbol?
Momo trades on the NASDAQ under the ticker symbol "MOMO."
How were Momo's earnings last quarter?
Momo Inc (NASDAQ:MOMO) posted its quarterly earnings data on Tuesday, May, 29th. The information services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.19. The information services provider had revenue of $435.10 million for the quarter, compared to analysts' expectations of $398.28 million. Momo had a net margin of 24.68% and a return on equity of 37.07%. The business's quarterly revenue was up 64.1% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. View Momo's Earnings History.
When is Momo's next earnings date?
What price target have analysts set for MOMO?
12 brokers have issued twelve-month price objectives for Momo's stock. Their forecasts range from $30.00 to $60.00. On average, they anticipate Momo's stock price to reach $51.0909 in the next twelve months. View Analyst Ratings for Momo.
What are Wall Street analysts saying about Momo stock?
Here are some recent quotes from research analysts about Momo stock:
- 1. 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. " (5/23/2018)
- 2. Goldman Sachs Group Inc 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)
Are investors shorting Momo?
Momo saw a drop in short interest during the month of May. As of May 15th, there was short interest totalling 4,589,075 shares, a drop of 32.3% from the April 30th total of 6,777,905 shares. Based on an average daily trading volume, of 2,880,987 shares, the short-interest ratio is presently 1.6 days. Currently, 3.0% of the company's stock are short sold.
Who are some of Momo's key competitors?
Some companies that are related to Momo include Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), Shopify (SHOP), Splunk (SPLK), Check Point Software Technologies (CHKP), CA Technologies (CA), Dropbox (DBX), ANSYS (ANSS), Citrix Systems (CTXS), Mobileye (MBBYF), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Synopsys (SNPS) and Symantec (SYMC).
Who are Momo's key executives?
Momo's management team includes the folowing people:
- Mr. Yan Tang, Chairman and Chief Exec. Officer (Age 39)
- Mr. Xiaoliang Lei, Co-Founder and Co-Pres (Age 35)
- Mr. Li Wang, COO, Co-Pres & Director (Age 35)
- Mr. Xiaosong Zhang, Chief Financial Officer (Age 55)
- Mr. Chunlai Wang, Chief Technology Officer
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 acted as the underwriters for the IPO.
Has Momo been receiving favorable news coverage?
Media stories about MOMO stock have trended somewhat positive on Monday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Momo earned a news sentiment score of 0.03 on Accern's scale. They also gave news headlines about the information services provider an impact score of 46.10 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Momo's major shareholders?
Momo's stock is owned by many different of retail and institutional investors. Top institutional investors include Pendal Group Ltd (5.44%), Prime Capital Management Co Ltd (3.24%), BlackRock Inc. (3.24%), Fosun International Ltd (2.06%), Boston Partners (0.81%) and Jericho Capital Asset Management L.P. (0.52%). 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 Millennium Management LLC, The Manufacturers Life Insurance Company , KBC Group NV, Russell Investments Group Ltd., Parametrica Management Ltd, Commerzbank Aktiengesellschaft FI, Sei Investments Co. and GSA Capital Partners LLP. View Insider Buying and Selling for Momo.
Which institutional investors are buying Momo stock?
MOMO stock was acquired by a variety of institutional investors in the last quarter, including Fosun International Ltd, Pendal Group Ltd, BlackRock Inc., Prime Capital Management Co Ltd, Jericho Capital Asset Management L.P., Bamco Inc. NY, Sylebra HK Co Ltd and Conning Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Momo's stock price today?
One share of MOMO stock can currently be purchased for approximately $53.13.
How big of a company is Momo?
Momo has a market capitalization of $10.68 billion and generates $1.32 billion in revenue each year. The information services provider earns $318.56 million in net income (profit) each year or $1.53 on an earnings per share basis. Momo employs 924 workers across the globe.
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]
MarketBeat Community Rating for Momo (MOMO)MarketBeat's community ratings are surveys of what our community members think about Momo and other stocks. Vote "Outperform" if you believe MOMO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MOMO will underperform the S&P 500 over the long term. You may vote once every thirty days.