ValuEngine lowered shares of Momo (NASDAQ:MOMO) from a sell rating to a strong sell rating in a report released on Thursday morning.
Other analysts have also issued research reports about the stock. BidaskClub raised shares of Momo from a sell rating to a hold rating in a research report on Thursday, August 23rd. TH Capital lowered their price target on shares of Momo to $40.00 and set a buy rating on the stock in a research report on Wednesday, November 21st. Jefferies Financial Group reissued a buy rating and issued a $58.00 price target on shares of Momo in a research report on Thursday, November 22nd. Finally, 86 Research raised shares of Momo from a hold rating to a buy rating in a research report on Friday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $48.05.
MOMO stock traded down $0.74 during mid-day trading on Thursday, hitting $26.31. The company had a trading volume of 65,710 shares, compared to its average volume of 3,826,645. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 0.65 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.46 and a current ratio of 3.46. Momo has a 12 month low of $23.45 and a 12 month high of $54.24.
A number of large investors have recently modified their holdings of MOMO. OLD National Bancorp IN purchased a new position in Momo during the third quarter valued at approximately $201,000. Engineers Gate Manager LP purchased a new position in Momo during the third quarter valued at approximately $201,000. WINTON GROUP Ltd purchased a new position in Momo during the third quarter valued at approximately $211,000. Liberty Mutual Group Asset Management Inc. purchased a new position in Momo during the second quarter valued at approximately $213,000. Finally, MML Investors Services LLC purchased a new position in Momo during the third quarter valued at approximately $217,000. 55.25% of the stock is 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 videos, short videos, social games, and other video- and audio-based interactive experiences.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.