Momo Company Profile (NASDAQ:MOMO)

Momo trades on the NASDAQ under the ticker symbol "MOMO."

Momo Inc. (NASDAQ:MOMO) announced its quarterly earnings data on Tuesday, August, 22nd. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $312.20 million for the quarter, compared to analyst estimates of $287.84 million. Momo had a return on equity of 38.94% and a net margin of 27.00%. Momo's quarterly revenue was up 31120.0% compared to the same quarter last year. View Momo's Earnings History.

Momo is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Momo.

14 analysts have issued 12 month price objectives for Momo's stock. Their forecasts range from $28.00 to $56.00. On average, they expect Momo's stock price to reach $41.79 in the next year. View Analyst Ratings for Momo.

Here are some recent quotes from research analysts about Momo stock:

• 1. Goldman Sachs Group, Inc. (The) 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)
• 2. 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. " (8/9/2017)

Momo saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 8,438,940 shares, an increase of 20.3% from the September 15th total of 7,017,186 shares. Based on an average daily volume of 5,447,167 shares, the short-interest ratio is presently 1.5 days. Currently, 5.6% of the company's shares are short sold.

Some companies that are related to Momo include GrubHub (GRUB), Cheetah Mobile (CMCM), Mitek Systems (MITK), Telenav (TNAV), SITO Mobile (SITO), Bango plc (BGO), Artilium plc (ARTA), Nektan PLC (NKTN), China Mobile Games & Entnmnt Grp Ltd (CMGE), GLOBO Plc (GBO), iDreamSky Technology Ltd (DSKY) and Motive Television Plc (MTV).

Momo's management team includes the folowing people:

• Yan Tang, Chairman of the Board, Chief Executive Officer
• Xiaoliang Lei, Co-President
• Jingping Zhang, Co-President
• Xiaosong Zhang, Chief Financial Officer
• Sichuan Zhang, Director, President of U.S. operations
• Li Wang, Chief Operating Officer
• Chunlai Wang, Chief Technology Officer
• Yong Li, Director
• Ho Kee Man, Director
• Neil Nanpeng Shen, Director

(MOMO) raised $216 million in an initial public offering 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's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.31%), Guild Investment Management Inc. (0.01%), Eqis Capital Management Inc. (0.00%) and Exane Derivatives (0.00%). View Institutional Ownership Trends for Momo.

Momo's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Guild Investment Management Inc., Eqis Capital Management Inc. and Exane Derivatives. View Insider Buying and Selling for Momo.

Shares of Momo can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Momo stock can currently be purchased for approximately $31.89.