Momo (MOMO) Receives Coverage Optimism Score of 0.21
News headlines about Momo (NASDAQ:MOMO) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Momo earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 46.3744761901035 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Qudian (QD) & Momo (MOMO) Head to Head Contrast (americanbankingnews.com)
- Momo Inc. (MOMO) Soars: Stock Adds 9.9% in Session – Nasdaq (nasdaq.com)
- What to Expect From Canadian Solar Inc. in 2018 (fool.com)
- Can Momo Stock Bounce Back After Last Week's 30% Drop? (finance.yahoo.com)
- Contrasting Qudian (QD) & Momo (MOMO) (americanbankingnews.com)
Several research analysts have recently issued reports on the stock. Vetr downgraded shares of Momo from a “strong-buy” rating to a “buy” rating and set a $42.25 target price on the stock. in a research note on Monday, September 4th. Jefferies Group reiterated a “buy” rating and issued a $54.00 target price on shares of Momo in a research note on Tuesday, October 3rd. Goldman Sachs Group assumed coverage on shares of Momo in a research note on Wednesday, August 30th. They issued a “buy” rating and a $56.00 target price on the stock. Deutsche Bank set a $43.00 target price on shares of Momo and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research upgraded shares of Momo from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Momo presently has an average rating of “Buy” and a consensus target price of $41.23.
Shares of Momo (NASDAQ:MOMO) traded down $0.40 during midday trading on Wednesday, hitting $23.44. 3,765,567 shares of the stock were exchanged, compared to its average volume of 5,488,601. The stock has a market capitalization of $4,822.96, a PE ratio of 16.76 and a beta of 1.55. Momo has a 1 year low of $16.73 and a 1 year high of $46.69.
Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, November 28th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.07. The firm had revenue of $354.10 million during the quarter, compared to analysts’ expectations of $342.48 million. Momo had a net margin of 25.88% and a return on equity of 39.60%. Momo’s revenue for the quarter was up 125.5% on a year-over-year basis. analysts forecast that Momo will post 1.45 earnings per share for the current year.
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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