Momo (NASDAQ:MOMO) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
A number of other brokerages also recently weighed in on MOMO. Zacks Investment Research downgraded Momo from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. TheStreet upgraded Momo from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Benchmark lowered their target price on Momo from $48.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, November 29th. JPMorgan Chase & Co. decreased their price objective on Momo to $30.00 in a report on Wednesday, November 29th. Finally, Vetr upgraded Momo from a “buy” rating to a “strong-buy” rating and set a $42.17 price objective for the company in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Momo presently has an average rating of “Buy” and a consensus target price of $41.23.
Shares of Momo (NASDAQ:MOMO) opened at $27.94 on Tuesday. The firm has a market capitalization of $5,550.00, a P/E ratio of 19.01 and a beta of 1.54. Momo has a 1-year low of $20.35 and a 1-year high of $46.69.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Momo during the second quarter valued at approximately $101,000. D.A. Davidson & CO. purchased a new position in shares of Momo during the second quarter valued at approximately $136,000. Rational Advisors LLC boosted its position in shares of Momo by 108.7% during the third quarter. Rational Advisors LLC now owns 4,800 shares of the information services provider’s stock valued at $150,000 after buying an additional 2,500 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Momo during the second quarter valued at approximately $200,000. Finally, Exane Derivatives purchased a new position in shares of Momo during the third quarter valued at approximately $194,000. Hedge funds and other institutional investors own 39.75% of the company’s stock.
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.
Receive News & Ratings for Momo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Momo and related companies with MarketBeat.com's FREE daily email newsletter.