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 30.1% and is now trading at $18.11. 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) announced its quarterly earnings data on Thursday, May, 28th. The information services provider reported $3.34 earnings per share 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 net margin of 19.07% and a return on equity of 25.51%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. View Momo's earnings history.

Momo announced a -- dividend on Friday, March 20th. Stockholders of record on Wednesday, April 8th will be paid a dividend of $0.76 per share on Thursday, April 30th. This represents a yield of 2.7%. The ex-dividend date of this dividend 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 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 brokerages have issued 1-year price targets for Momo's stock. Their forecasts range from $22.00 to $40.40. On average, they expect Momo's stock price to reach $31.82 in the next year. This suggests a possible upside of 75.7% from the stock's current price. View analysts' price targets for Momo.

Media coverage about MOMO stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Momo earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave headlines about the information services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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), Ceridian HCM (CDAY), Dynatrace (DT), NortonLifeLock (NLOK), Nice (NICE), Alteryx (AYX), Cloudflare (NET), Temenos (TMNSF), Black Knight (BKI), Avalara (AVLR) 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 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 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MOMO stock can currently be purchased for approximately $18.11.

Momo has a market capitalization of $3.76 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]