Momo (MOMO) Receives Daily Coverage Optimism Score of 0.24

News stories about Momo (NASDAQ:MOMO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Momo earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.7392362439419 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

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Several analysts have weighed in on MOMO shares. Citigroup started coverage on shares of Momo in a research note on Tuesday, February 20th. They issued a “buy” rating and a $40.00 price target for the company. Vetr raised shares of Momo from a “buy” rating to a “strong-buy” rating and set a $41.88 price target for the company in a research note on Tuesday, March 27th. Deutsche Bank set a $46.00 price target on shares of Momo and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Bank of America boosted their price target on shares of Momo from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, March 19th. Finally, BidaskClub raised shares of Momo from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.35.

Shares of MOMO stock traded down $0.28 during mid-day trading on Monday, reaching $34.39. The stock had a trading volume of 3,436,437 shares, compared to its average volume of 5,422,114. Momo has a 52-week low of $22.49 and a 52-week high of $46.69. The stock has a market capitalization of $6,906.71, a price-to-earnings ratio of 22.48 and a beta of 1.54.

Momo (NASDAQ:MOMO) last released its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $381.17 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. research analysts expect that Momo will post 1.94 EPS for the current fiscal 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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