Momo Inc (NASDAQ:MOMO) traded down 14.6% during trading on Thursday . The stock traded as low as $26.01 and last traded at $27.05. 13,503,354 shares changed hands during mid-day trading, an increase of 180% from the average session volume of 4,826,610 shares. The stock had previously closed at $31.69.

Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Momo from a “sell” rating to a “strong sell” rating in a research note on Thursday. Morgan Stanley downgraded shares of Momo from an “overweight” rating to an “equal weight” rating in a research note on Friday. BidaskClub upgraded shares of Momo from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. TH Capital reduced their target price on shares of Momo to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $58.00 target price on shares of Momo in a research note on Thursday, November 22nd. One equities 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 company presently has a consensus rating of “Buy” and a consensus target price of $50.07.

The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.31 billion, a PE ratio of 17.46, a PEG ratio of 0.65 and a beta of 1.84.

Momo (NASDAQ:MOMO) last released its quarterly earnings results on Thursday, December 6th. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Momo had a return on equity of 37.12% and a net margin of 25.40%. The business had revenue of $536.00 million during the quarter, compared to analysts’ expectations of $535.30 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 51.4% compared to the same quarter last year. Equities analysts predict that Momo Inc will post 2.12 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in MOMO. Vanguard Group Inc. raised its holdings in Momo by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,527,945 shares of the information services provider’s stock worth $154,524,000 after purchasing an additional 127,769 shares during the last quarter. Legal & General Group Plc raised its holdings in Momo by 13.1% during the 3rd quarter. Legal & General Group Plc now owns 582,088 shares of the information services provider’s stock worth $25,495,000 after purchasing an additional 67,206 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in Momo by 723,443.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 412,420 shares of the information services provider’s stock worth $9,416,000 after purchasing an additional 412,363 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in Momo by 25.5% during the 3rd quarter. Krane Funds Advisors LLC now owns 1,548,078 shares of the information services provider’s stock worth $67,806,000 after purchasing an additional 314,668 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Momo during the 3rd quarter worth about $9,335,000. 55.25% of the stock is owned by institutional investors and hedge funds.

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Momo Company Profile (NASDAQ:MOMO)

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.

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