Should Investors Be Selling Momo (NASDAQ:MOMO) Stock Following Today’s Standpoint Research Downgrade?

June 19, 2018 - By Graig Alexander

Momo (NASDAQ:MOMO) Receives a Downgrade

Momo (NASDAQ:MOMO) was decreased by investment analysts at Standpoint Research from their past “Buy” rating to a “Hold” rating in a research report released on Monday morning.

Momo Inc. (NASDAQ:MOMO) Ratings Coverage

Among 10 analysts covering Momo Inc (NASDAQ:MOMO), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Momo Inc has $6000 highest and $27.5 lowest target. $45.31’s average target is -14.72% below currents $53.13 stock price. Momo Inc had 11 analyst reports since January 2, 2018 according to SRatingsIntel. UBS initiated Momo Inc. (NASDAQ:MOMO) on Tuesday, January 2 with “Hold” rating. Morgan Stanley initiated Momo Inc. (NASDAQ:MOMO) rating on Wednesday, March 28. Morgan Stanley has “Buy” rating and $5100 target. The rating was maintained by Jefferies on Tuesday, January 23 with “Buy”. The company was upgraded on Friday, January 26 by J.P. Morgan. The rating was maintained by Bank of America with “Buy” on Monday, March 19. The rating was initiated by Citigroup on Tuesday, February 20 with “Buy”. The stock of Momo Inc. (NASDAQ:MOMO) earned “Buy” rating by UBS on Thursday, May 31. The company was upgraded on Monday, January 29 by JP Morgan.

The stock decreased 0.88% or $0.47 during the last trading session, reaching $53.13. About 3.19M shares traded. Momo Inc. (NASDAQ:MOMO) has risen 1.41% since June 19, 2017 and is uptrending. It has underperformed by 11.16% the S&P500.

Analysts await Momo Inc. (NASDAQ:MOMO) to report earnings on August, 28. They expect $0.55 EPS, up 89.66 % or $0.26 from last year’s $0.29 per share. MOMO’s profit will be $112.04 million for 24.15 P/E if the $0.55 EPS becomes a reality. After $0.63 actual EPS reported by Momo Inc. for the previous quarter, Wall Street now forecasts -12.70 % negative EPS growth.

Momo Inc. operates as a mobile-based social networking platform in the People's Republic of China. The company has market cap of $10.82 billion. The company's platform includes its Momo mobile application and various related features, functionalities, tools, and services that are provided to users, customers, and platform partners. It has a 30.2 P/E ratio. It offers Momo mobile application that enables users to establish and expand their social relationships based on locations and interests; and Hani, a live video application.

More notable recent Momo Inc. (NASDAQ:MOMO) news were published by: Nasdaq.com which released: “4 Reasons I’m Thinking of Buying Momo Stock” on June 03, 2018, also Seekingalpha.com with their article: “Momo +14.7% as analysts chime in after earnings topper” published on May 29, 2018, Seekingalpha.com published: “Momo After Q1: Exert Caution” on May 29, 2018. More interesting news about Momo Inc. (NASDAQ:MOMO) were released by: Nasdaq.com and their article: “Momo Inc Shares Soar on Stellar Q1 Earnings Results” published on May 29, 2018 as well as Seekingalpha.com‘s news article titled: “Benchmark raises Momo target after earnings” with publication date: May 30, 2018.

Momo Inc. (NASDAQ:MOMO) Ratings Chart

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