Momo Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 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) posted its quarterly earnings results on Monday, June, 7th. The information services provider reported $2.91 EPS for the quarter, beating the Zacks' consensus estimate of $2.34 by $0.57. The information services provider earned $3.47 billion during the quarter, compared to analyst estimates of $3.40 billion. Momo had a trailing twelve-month return on equity of 14.10% and a net margin of 13.65%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.34 EPS.
View Momo's earnings history.

Momo's stock was trading at $25.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MOMO stock has decreased by 52.0% and is now trading at $12.44.
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Momo declared an annual dividend on Friday, March 26th. Investors 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.

Momo issued an update on its second quarter 2021 earnings guidance on Tuesday, July, 6th. 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.

8 equities research analysts have issued 1-year target prices for Momo's stock. Their forecasts range from $13.00 to $26.00. On average, they expect Momo's share price to reach $19.40 in the next year. This suggests a possible upside of 55.9% from the stock's current price.
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Some companies that are related to Momo include Anaplan (PLAN), Ubisoft Entertainment (UBSFY), Nutanix (NTNX), Trend Micro (TMICY), BlackLine (BL), Varonis Systems (VRNS), Data443 Risk Mitigation (ATDS), Workiva (WK), Rapid7 (RPD), nCino (NCNO), Clear Secure (YOU), Kingsoft Cloud (KC), The Descartes Systems Group (DSGX), Duck Creek Technologies (DCT) 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 $12.44.

Momo has a market capitalization of $2.06 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]