Somewhat Positive Press Coverage Somewhat Unlikely to Impact Momo (MOMO) Stock Price
Press coverage about Momo (NASDAQ:MOMO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Momo earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 44.8913264489363 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Momo (MOMO) Lowered to “Buy” at Vetr (americanbankingnews.com)
- Momo (MOMO) Upgraded by Vetr to Strong-Buy (americanbankingnews.com)
- Patience Continues to Pay off for Investors in Momo Inc Stock … – Investorplace.com (investorplace.com)
- The Rally in Momo Inc (ADR) Stock Has More Runway Ahead – Nasdaq (nasdaq.com)
Shares of Momo (NASDAQ:MOMO) traded up $1.80 on Friday, reaching $37.54. 8,303,579 shares of the company’s stock traded hands, compared to its average volume of 6,270,000. The firm has a market cap of $7,450.00, a PE ratio of 24.54 and a beta of 1.68. Momo has a 12 month low of $22.49 and a 12 month high of $46.69.
Several equities analysts have issued reports on MOMO shares. Zacks Investment Research downgraded shares of Momo from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised shares of Momo from a “neutral” rating to an “overweight” rating in a report on Friday, January 26th. Benchmark cut their target price on shares of 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 target price on shares of Momo and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, Citigroup assumed coverage on shares of Momo in a report on Tuesday, February 20th. They issued a “buy” rating and a $40.00 target price on the stock. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $41.70.
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Momo Company Profile
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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