NASDAQ:MOMOMomo Stock Price, Forecast & News

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 (WHO). Since then, MOMO stock has decreased by 23.9% and is now trading at $19.71.
View which stocks have been most impacted by COVID-19.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Momo.

Momo is scheduled to release its next quarterly earnings announcement on Tuesday, August 25th 2020.
View our earnings forecast for Momo.

Momo Inc (NASDAQ:MOMO) issued its quarterly earnings results on Thursday, May, 28th. The information services provider reported $3.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $3.00. The information services provider had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.48 billion. Momo had a return on equity of 25.51% and a net margin of 19.07%. Momo's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS.
View Momo's earnings history.

Momo declared a -- dividend on Friday, March 20th. Shareholders of record on Wednesday, April 8th will be given a dividend of $0.76 per share on Thursday, April 30th. This represents a yield of 2.7%. The ex-dividend date is Tuesday, April 7th.
View Momo's dividend history.

Momo issued an update on its second quarter 2020 Pre-Market earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $543.4-557.7 million, compared to the consensus revenue estimate of $562.91 million.

7 Wall Street analysts have issued twelve-month price targets for Momo's stock. Their forecasts range from $22.00 to $35.00. On average, they anticipate Momo's stock price to reach $30.10 in the next twelve months. This suggests a possible upside of 52.7% from the stock's current price.
View analysts' price targets for Momo.

News headlines about MOMO stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Momo earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news stories about the information services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Momo.

Momo saw a increase in short interest in May. As of May 29th, there was short interest totaling 7,280,000 shares, an increase of 11.0% from the May 14th total of 6,560,000 shares. Based on an average trading volume of 4,090,000 shares, the days-to-cover ratio is currently 1.8 days.
View Momo's Short Interest.

Some companies that are related to Momo include Paycom Software (PAYC), Citrix Systems (CTXS), SS&C Technologies (SSNC), Symantec (SYMC), Nice (NICE), NortonLifeLock (NLOK), Tyler Technologies (TYL), HubSpot (HUBS), Black Knight (BKI), Cloudflare (NET), Mongodb (MDB), Temenos (TMNSF), Dynatrace (DT), Ceridian HCM (CDAY) and UBISOFT ENTMT S/ADR (UBSFY).
View all 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), Square (SQ), Baidu (BIDU), Netflix (NFLX), Bank of America (BAC) and Applied Materials (AMAT).

(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."

Momo's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.54%), Platinum Investment Management Ltd. (2.17%), Kylin Management LLC (0.88%), FIL Ltd (0.79%), Krane Funds Advisors LLC (0.77%) and Bank of America Corp DE (0.54%).
View institutional ownership trends for Momo.

MOMO stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, FMR LLC, SG Americas Securities LLC, Zurcher Kantonalbank Zurich Cantonalbank, NorthCoast Asset Management LLC, Skandinaviska Enskilda Banken AB publ , Handelsinvest Investeringsforvaltning, and Banque Cantonale Vaudoise.
View insider buying and selling activity for Momo.

MOMO stock was acquired by a variety of institutional investors in the last quarter, including FIL Ltd, Vanguard Group Inc., Broad Peak Investment Holdings Ltd., Kylin Management LLC, Unigestion Holding SA, Platinum Investment Management Ltd., Bank of America Corp DE, and Man Group plc.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of MOMO stock can currently be purchased for approximately $19.71.

Momo has a market capitalization of $4.09 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'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]