Momo Stock Forecast, Price & 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 46.6% and is now trading at $13.83.
View which stocks have been most impacted by COVID-19.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Momo in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Momo.

Momo is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
View our earnings forecast for Momo.

Momo Inc (NASDAQ:MOMO) announced its quarterly earnings results on Thursday, September, 3rd. The information services provider reported $3.05 EPS for the quarter, topping the consensus estimate of $0.33 by $2.72. The information services provider earned $3.87 billion during the quarter, compared to analysts' expectations of $3.84 billion. Momo had a return on equity of 22.04% and a net margin of 17.75%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS.
View Momo's earnings history.

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

Momo updated its third quarter 2020 Pre-Market earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $522.07-536.18 million, compared to the consensus revenue estimate of $634.22 million.

11 brokers have issued twelve-month target prices for Momo's stock. Their forecasts range from $16.00 to $35.00. On average, they expect Momo's stock price to reach $25.15 in the next year. This suggests a possible upside of 81.9% from the stock's current price.
View analysts' price targets for Momo.

Momo saw a decline in short interest in September. As of September 15th, there was short interest totaling 7,120,000 shares, a decline of 13.4% from the August 31st total of 8,220,000 shares. Based on an average daily volume of 3,990,000 shares, the short-interest ratio is currently 1.8 days.
View Momo's Short Interest.

Some companies that are related to Momo include Temenos (TMNSF), UBISOFT ENTMT S/ADR (UBSFY), Avalara (AVLR), PTC (PTC), Nuance Communications (NUAN), Elastic (ESTC), Guidewire Software (GWRE), Anaplan (PLAN), Trend Micro (TMICY), Fastly (FSLY), Paylocity (PCTY), Dropbox (DBX), Bill.com (BILL), Alteryx (AYX) and nCino (NCNO).
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), Intel (INTC), Square (SQ), Baidu (BIDU), Bank of America (BAC) and Netflix (NFLX).

(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 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 Vanguard Group Inc. (2.54%), Platinum Investment Management Ltd. (2.17%), Neuberger Berman Group LLC (1.08%), Kylin Management LLC (0.88%), FIL Ltd (0.79%) and Krane Funds Advisors LLC (0.77%).
View institutional ownership trends for Momo.

MOMO stock was sold by a variety of institutional investors in the last quarter, including Krane Funds Advisors LLC, Handelsbanken Fonder AB, FMR LLC, SG Americas Securities LLC, Zurcher Kantonalbank Zurich Cantonalbank, Neuberger Berman Group LLC, NorthCoast Asset Management LLC, and Skandinaviska Enskilda Banken AB publ.
View insider buying and selling activity for Momo.

MOMO stock was acquired by a variety of institutional investors in the last quarter, including FIL Ltd, Vanguard Group Inc., Broad Peak Investment Holdings Ltd., Kylin Management LLC, Unigestion Holding SA, Platinum Investment Management Ltd., Bank of America Corp DE, and Man Group plc.
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 $13.83.

Momo has a market capitalization of $2.87 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]