Momo Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 2 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.
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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.
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Momo is scheduled to release its next quarterly earnings announcement on Thursday, September 2nd 2021.
View our earnings forecast for Momo.

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

Momo's stock was trading at $25.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MOMO stock has decreased by 52.2% and is now trading at $12.38.
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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 is Monday, April 12th.
View Momo's dividend history.

Momo updated its second quarter 2021 earnings guidance on Tuesday, July, 6th. The company provided earnings per share (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.

8 equities research analysts have issued 12 month price targets for Momo's shares. Their forecasts range from $13.00 to $26.00. On average, they anticipate Momo's share price to reach $19.40 in the next year. This suggests a possible upside of 56.7% from the stock's current price.
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Some companies that are related to Momo include Ubisoft Entertainment (UBSFY), Nutanix (NTNX), Trend Micro (TMICY), BlackLine (BL), Varonis Systems (VRNS), Clear Secure (YOU), Workiva (WK), Data443 Risk Mitigation (ATDS), Rapid7 (RPD), Kingsoft Cloud (KC), MicroStrategy (MSTR), nCino (NCNO), BlackBerry (BB), The Descartes Systems Group (DSGX) and Q2 (QTWO).
View all of MOMO's competitors.

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).

(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 served as the underwriters for the IPO.

Momo trades on the NASDAQ under the ticker symbol "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.
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One share of MOMO stock can currently be purchased for approximately $12.38.

Momo has a market capitalization of $2.05 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.

Momo employs 2,394 workers across the globe.

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

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

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]