Momo Inc (NASDAQ:MOMO) – Equities researchers at Jefferies Financial Group issued their FY2021 earnings per share (EPS) estimates for shares of Momo in a note issued to investors on Tuesday, May 28th, according to Zacks Investment Research. Jefferies Financial Group analyst K. Chan forecasts that the information services provider will post earnings of $3.47 per share for the year.
A number of other equities research analysts also recently weighed in on the company. ValuEngine upgraded Momo from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Momo from a “sell” rating to a “hold” rating in a research report on Wednesday, June 12th. Zacks Investment Research cut Momo from a “hold” rating to a “strong sell” rating in a report on Thursday, June 6th. Nomura upped their price target on Momo from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Citigroup raised Momo from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $40.00 in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.43.
MOMO traded down $0.09 during trading on Friday, reaching $33.72. The stock had a trading volume of 1,831,572 shares, compared to its average volume of 3,536,923. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.92 and a beta of 2.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.24 and a quick ratio of 4.24. Momo has a 1-year low of $22.85 and a 1-year high of $51.20.
Momo (NASDAQ:MOMO) last released its earnings results on Tuesday, May 28th. The information services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.18. The firm had revenue of $554.73 million during the quarter, compared to the consensus estimate of $531.78 million. Momo had a return on equity of 23.10% and a net margin of 15.96%. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Momo by 98.2% during the 1st quarter. BlackRock Inc. now owns 14,872,158 shares of the information services provider’s stock valued at $568,712,000 after purchasing an additional 7,367,585 shares during the period. FMR LLC raised its stake in Momo by 7.6% during the 1st quarter. FMR LLC now owns 9,578,720 shares of the information services provider’s stock valued at $366,291,000 after purchasing an additional 680,061 shares during the period. Genesis Asset Managers LLP acquired a new stake in Momo during the 1st quarter valued at $202,195,000. Krane Funds Advisors LLC raised its stake in Momo by 8.1% during the 1st quarter. Krane Funds Advisors LLC now owns 1,960,887 shares of the information services provider’s stock valued at $74,984,000 after purchasing an additional 146,948 shares during the period. Finally, Yiheng Capital LLC raised its stake in Momo by 23.9% during the 4th quarter. Yiheng Capital LLC now owns 1,582,904 shares of the information services provider’s stock valued at $37,594,000 after purchasing an additional 305,514 shares during the period. 58.39% of the stock is currently owned by institutional investors.
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.