NASDAQ:MOMOMomo Stock Price, Forecast & News

Momo's stock was trading at $25.90 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MOMO stock has decreased by 20.9% and is now trading at $20.48. 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) posted its quarterly earnings data on Thursday, May, 28th. The information services provider reported $3.34 EPS for the quarter, topping the 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 25.80%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous 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 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 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.

8 brokers have issued 12-month price objectives 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 55.4% from the stock's current price. View analysts' price targets for Momo.

Media coverage about MOMO stock has been trending somewhat positive on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Momo earned a media sentiment score of 0.6 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutMomo.

Some companies that are related to Momo include Check Point Software Technologies (CHKP), Coupa Software (COUP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tyler Technologies (TYL), SS&C Technologies (SSNC), Tableau Software (DATA), Mongodb (MDB), Symantec (SYMC), NortonLifeLock (NLOK), Black Knight (BKI), Nice (NICE), Dynatrace (DT), Ceridian HCM (CDAY), Dropbox (DBX) and Alteryx (AYX). 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 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."

Momo's stock is owned by many different institutional and retail investors. Top institutional shareholders include Pendal Group Ltd (6.62%), BlackRock Inc. (3.51%), Krane Funds Advisors LLC (1.16%), Invesco Ltd. (0.89%), Pictet Asset Management Ltd. (0.51%) and Legal & General Group Plc (0.47%). View institutional ownership trends for Momo.

MOMO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Genesis Investment Management LLP, Wells Fargo & Company MN, KBC Group NV, Russell Investments Group Ltd., Victory Capital Management Inc., Victory Capital Management Inc., and Handelsbanken Fonder AB. View insider buying and selling activity for Momo.

MOMO stock was bought by a variety of institutional investors in the last quarter, including Pendal Group Ltd, Pictet Asset Management Ltd., Krane Funds Advisors LLC, Bogle Investment Management L P DE, APG Asset Management N.V., MERIAN GLOBAL INVESTORS UK Ltd, Two Sigma Advisers LP, and Caisse DE Depot ET Placement DU Quebec. 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 $20.48.

Momo has a market capitalization of $4.25 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 2,147 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].com.