Media headlines about Momo (NASDAQ:MOMO) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Momo earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.0203475242686 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

A number of equities research analysts have weighed in on MOMO shares. Zacks Investment Research upgraded Momo from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, October 25th. JPMorgan Chase & Co. cut their target price on Momo to $30.00 in a research report on Wednesday, November 29th. Jefferies Group restated a “buy” rating and issued a $54.00 target price on shares of Momo in a research report on Tuesday, October 3rd. Deutsche Bank set a $43.00 target price on Momo and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, TheStreet upgraded Momo from a “c+” rating to a “b-” rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Momo currently has an average rating of “Buy” and a consensus target price of $41.23.

Momo (NASDAQ MOMO) traded up $0.11 on Monday, reaching $27.94. The company’s stock had a trading volume of 6,019,100 shares, compared to its average volume of 5,700,000. 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 12-month low of $19.96 and a 12-month high of $46.69.

Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, November 28th. The information services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Momo had a return on equity of 39.60% and a net margin of 25.88%. The company had revenue of $354.10 million during the quarter, compared to the consensus estimate of $342.48 million. The business’s revenue for the quarter was up 125.5% compared to the same quarter last year. analysts forecast that Momo will post 1.47 EPS for the current year.

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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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