News articles about Momo (NASDAQ:MOMO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Momo earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 45.1743817704429 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Analysis: Positioning to Benefit within Dorman Products, Momo, Wix, Open Text, Talend S.A, and Travelport Worldwide — Research Highlights Growth, Revenue, and Consolidated Results (finance.yahoo.com)
- Analysts Insights on Momo Inc Ads (MOMO) – Emn News (emnnews.com)
- Can Momo Stock Keep Going After Last Week's 14% Pop? (finance.yahoo.com)
- Momo (MOMO) Lowered to “Buy” at Vetr (americanbankingnews.com)
- Momo (MOMO) Upgraded by Vetr to Strong-Buy (americanbankingnews.com)
Shares of Momo (NASDAQ:MOMO) traded up $0.45 during mid-day trading on Wednesday, hitting $37.27. The stock had a trading volume of 3,880,065 shares, compared to its average volume of 5,879,500. Momo has a 12-month low of $22.49 and a 12-month high of $46.69. The firm has a market capitalization of $7,450.00, a price-to-earnings ratio of 24.36 and a beta of 1.68.
Several analysts recently weighed in on the company. UBS Group assumed coverage on Momo in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. raised Momo from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Vetr lowered Momo from a “strong-buy” rating to a “buy” rating and set a $40.05 price objective on the stock. in a research note on Thursday, March 8th. Jefferies Group reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Momo in a research note on Wednesday, January 24th. Finally, BidaskClub lowered Momo from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Momo presently has a consensus rating of “Buy” and an average target price of $41.70.
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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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