Momo (NASDAQ:MOMO) Earns Coverage Optimism Rating of 0.16

Press coverage about Momo (NASDAQ:MOMO) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Momo earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 45.1743817704429 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Momo stock traded down $0.65 during mid-day trading on Thursday, hitting $39.17. 2,788,454 shares of the stock traded hands, compared to its average volume of 5,764,152. Momo has a twelve month low of $22.49 and a twelve month high of $46.69. The stock has a market cap of $7,721.50, a price-to-earnings ratio of 25.31 and a beta of 1.68.

Momo (NASDAQ:MOMO) last issued its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.11. Momo had a net margin of 24.17% and a return on equity of 36.58%. The firm had revenue of $386.40 million for the quarter, compared to analyst estimates of $381.17 million. During the same period last year, the company posted $0.44 EPS. Momo’s quarterly revenue was up 57.0% compared to the same quarter last year. equities research analysts expect that Momo will post 1.95 earnings per share for the current fiscal year.

Several analysts recently commented on MOMO shares. JPMorgan Chase & Co. cut their price objective on Momo to $30.00 in a report on Wednesday, November 29th. TheStreet upgraded Momo from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. Benchmark reduced their target price on Momo from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 29th. Deutsche Bank set a $43.00 price objective on Momo and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $45.00 target price on shares of Momo in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.08.

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About Momo

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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