News coverage about Momo (NASDAQ:MOMO) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Momo earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 46.0203475242686 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Shares of Momo (NASDAQ MOMO) traded down $0.40 during midday trading on Monday, reaching $26.47. The company’s stock had a trading volume of 4,367,900 shares, compared to its average volume of 4,560,000. The company has a market cap of $5,260.00, a price-to-earnings ratio of 18.01 and a beta of 1.54. Momo has a 52-week low of $21.30 and a 52-week high of $46.69.
Momo (NASDAQ:MOMO) last issued its quarterly earnings results on Tuesday, November 28th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $354.10 million during the quarter, compared to analyst estimates of $342.48 million. Momo had a return on equity of 39.60% and a net margin of 25.88%. The firm’s revenue was up 125.5% on a year-over-year basis. equities research analysts forecast that Momo will post 1.47 EPS for the current fiscal year.
MOMO has been the subject of a number of recent analyst reports. Zacks Investment Research raised Momo from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, October 25th. JPMorgan Chase & Co. decreased their price objective on Momo to $30.00 in a report on Wednesday, November 29th. Jefferies Group reissued a “buy” rating and issued a $54.00 price objective on shares of Momo in a report on Tuesday, October 3rd. Deutsche Bank set a $43.00 price objective on Momo and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, TheStreet raised Momo from a “c+” rating to a “b-” rating in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Momo currently has a consensus rating of “Buy” and a consensus price target of $41.23.
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Momo Company Profile
Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.
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