Stock's Buzzers: Momo Inc. (NASDAQ:MOMO)Por Cirilo Laguardia Mar 21, 2017
The stock has an average rating of Buy and an average target price of $30.66. Zacks Investment Research gave Momo Inc. Its platform includes mobile applications and related features, functionalities, tools and services. Credit Suisse Initiates Coverage on Momo Inc.
Other equities analysts have also recently issued reports about the company. The current share price indicate that stock is -1.46% away from its one year high and is moving 281.19% ahead of its 52-week low. Finally, Jefferies Group LLC began coverage on shares of Momo in a report on Wednesday, February 8th.
According to Yahoo Finance, the price target for the company which analysts are aiming is 40. TheStreet upgraded Momo from a hold rating to a buy rating in a research note on Monday, December 12th. Instinet assumed coverage on Momo in a research note on Monday, February 13th.
10/31/2016 - HSBC began new coverage on Momo Inc. giving the company a "buy" rating. Analyst's mean target price for BBVA is $5.58 while analysts mean recommendation is 4.00. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The average and low price target for the stock are $35.61 and $30, respectively.
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Now we look at the Moving Averages, the 200-day is 68.39, the 50-day is 38.41 and the 20-day is 21.58. The stock's market capitalization is 6.54B.
Momo Inc. (NASDAQ:MOMO) topped its 52-week high price of $34.35 on Mar 8, 2017 and 52-Week Low Price of $8.88 on Jul 5, 2016. (NASDAQ:MOMO) traded with the volume of 5.22 Million in the previous trading session. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.11. Net profit margin of the company was recorded at 41.9 percent, operating profit margin was 40 percent, whereas gross profit margin stands at 59.3 percent. The business's revenue was up 523.0% compared to the same quarter a year ago.
Many Analysts provided their foresight on Revenue Estimates of Momo Inc. where they believe that the company has the potential to earn average revenue of $219.91 Million for the current quarter.
Several investment firms issued their expert ratings on Momo Inc. If you are viewing this news story on another website, it was copied illegally and republished in violation of USA & worldwide copyright laws. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.
A number of institutional investors have recently modified their holdings of MOMO. Ltd bought a new position in shares of Momo during the fourth quarter valued at $24,759,000. Prime Capital Management Co Ltd now owns 6,405,700 shares of the company's stock worth $117,737,000 after buying an additional 2,989,716 shares in the last quarter. SC China Holding Ltd. bought a new position in shares of Momo during the third quarter valued at $73,123,000. Prime Capital Management Co Ltd raised its position in Momo by 87.5% in the fourth quarter. Light Street Capital Management LLC bought a new position in Momo during the fourth quarter worth about $45,950,000. Hillhouse Capital Management Ltd. purchased a new stake in Momo during the third quarter worth approximately $105,665,000.
The Company now has Insider ownership of 0.39 Percent and Institutional Ownership of 26.3 Percent.
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