BidaskClub Downgrades Momo (NASDAQ:MOMO) to Sell

Momo (NASDAQ:MOMO) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

MOMO has been the subject of several other research reports. Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Citigroup set a $73.00 price objective on shares of Esperion Therapeutics and gave the stock a “buy” rating in a research note on Tuesday, May 28th. ValuEngine lowered shares of Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Finally, Nomura boosted their price objective on shares of Momo from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Momo presently has an average rating of “Buy” and a consensus price target of $42.43.

NASDAQ MOMO opened at $33.45 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.24 and a current ratio of 4.24. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.86 and a beta of 2.30. The stock’s 50 day moving average price is $32.81. Momo has a 52 week low of $22.85 and a 52 week high of $49.38.

Momo (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, May 28th. The information services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.44 by $0.18. The firm had revenue of $554.73 million during the quarter, compared to analyst estimates of $531.78 million. Momo had a net margin of 15.96% and a return on equity of 23.10%. Momo’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts anticipate that Momo will post 1.98 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Financial Gravity Wealth Inc. acquired a new position in Momo during the 1st quarter valued at approximately $25,000. Quadrant Capital Group LLC increased its stake in Momo by 21.5% during the 1st quarter. Quadrant Capital Group LLC now owns 1,694 shares of the information services provider’s stock valued at $64,000 after purchasing an additional 300 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Momo by 55.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,014 shares of the information services provider’s stock valued at $77,000 after purchasing an additional 720 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Momo by 242.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,830 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 2,710 shares in the last quarter. Finally, NumerixS Investment Technologies Inc increased its stake in Momo by 44.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the information services provider’s stock valued at $158,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Momo Company Profile

Momo Inc operates a mobile-based social and entertainment platform in the People's Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations; interests; and recreational activities, including live talent shows, short videos, social games, and other video- and audio-based interactive experiences.

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Analyst Recommendations for Momo (NASDAQ:MOMO)

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