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. Since then, MOMO shares have decreased by 23.8% and is now trading at $19.74. 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 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 analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. View Momo's earnings history.

Momo announced a -- dividend on Friday, March 20th. Shareholders of record on Wednesday, April 8th will be paid a dividend of $0.76 per share on Thursday, April 30th. This represents a dividend yield of 2.7%. The ex-dividend date 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 (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 12 month price targets 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 61.2% from the stock's current price. View analysts' price targets for Momo.

Press coverage about MOMO stock has trended very negative this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Momo earned a coverage optimism score of -3.2 on InfoTrie's scale. They also assigned media stories 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 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 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 a number of retail and institutional investors. Top institutional investors 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 acquired 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 $19.74.

Momo has a market capitalization of $4.10 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]