NASDAQ:MOMOMomo Stock Price, Forecast & News

Momo's stock was trading at $25.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MOMO shares have decreased by 19.2% and is now trading at $20.92. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 3 hold ratings and 5 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 earnings results on Thursday, May, 28th. The information services provider reported $3.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $3.00. The information services provider earned $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. Momo had a net margin of 19.07% and a return on equity of 25.51%. Momo's revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. View Momo's earnings history.

Momo announced 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, April 7th. View Momo's dividend history.

Momo updated its second quarter 2020 Pre-Market earnings guidance on Thursday, May, 28th. The company provided EPS 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.

8 equities research analysts have issued 1-year target prices for Momo's stock. Their forecasts range from $22.00 to $40.40. On average, they anticipate Momo's share price to reach $31.82 in the next year. This suggests a possible upside of 52.1% from the stock's current price. View analysts' price targets for Momo.

News coverage about MOMO stock has trended very negative on Sunday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Momo earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned news stories about the information services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Momo.

Some companies that are related to Momo include Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Dynatrace (DT), Cloudflare (NET), Nice (NICE), Ceridian HCM (CDAY), NortonLifeLock (NLOK), Alteryx (AYX), Temenos (TMNSF), Avalara (AVLR), UBISOFT ENTMT S/ADR (UBSFY) and Black Knight (BKI). 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 Weibo (WB).

(MOMO) raised $216 million in an IPO on Thursday, December 11th 2014. The company issued 16,000,000 shares at $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."

Momo's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include E Fund Management Hong Kong Co. Ltd. (0.01%), FNY Investment Advisers LLC (0.01%) and Mount Yale Investment Advisors LLC (0.01%). View institutional ownership trends for Momo.

MOMO stock was sold by a variety of institutional investors in the last quarter, including E Fund Management Hong Kong Co. Ltd.. View insider buying and selling activity for Momo.

MOMO stock was bought by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, and Mount Yale Investment Advisors LLC. 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 $20.92.

Momo has a market capitalization of $4.34 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]