Momo Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Momo in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Momo wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Momo is scheduled to release its next quarterly earnings announcement on Thursday, May 27th 2021.
View our earnings forecast for Momo.

Momo Inc. (NASDAQ:MOMO) released its quarterly earnings results on Wednesday, March, 24th. The information services provider reported $3.72 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.72 by $1.00. The information services provider had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.68 billion. Momo had a net margin of 15.75% and a trailing twelve-month return on equity of 18.15%. Momo's revenue was down 19.0% compared to the same quarter last year. During the same period last year, the firm earned $5.61 EPS.
View Momo's earnings history.

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 shares have decreased by 39.0% and is now trading at $15.80.
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Momo declared an annual dividend on Friday, March 26th. Shareholders of record on Tuesday, April 13th will be given a dividend of $0.62 per share on Friday, April 30th. This represents a yield of 4.29%. The ex-dividend date of this dividend is Monday, April 12th.
View Momo's dividend history.

Momo updated its first quarter 2021 Pre-Market earnings guidance on Thursday, March, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $507.36-522.46 million, compared to the consensus revenue estimate of $507.68 million.

13 analysts have issued 12 month target prices for Momo's shares. Their forecasts range from $15.00 to $35.00. On average, they anticipate Momo's stock price to reach $24.28 in the next year. This suggests a possible upside of 53.7% from the stock's current price.
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Some companies that are related to Momo include Paylocity (PCTY), Ubisoft Entertainment (UBSFY), Kingsoft Cloud (KC), Appian (APPN), RealPage (RP), Guidewire Software (GWRE), Konami (KNMCY), Anaplan (PLAN), Smartsheet (SMAR), Manhattan Associates (MANH), Trend Micro (TMICY), Fastly (FSLY), MicroStrategy (MSTR), nCino (NCNO) and BlackLine (BL).
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 initial public offering (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 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 $15.80.

Momo has a market capitalization of $2.66 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.

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]