Somewhat Positive News Coverage Somewhat Unlikely to Impact Momo (NASDAQ:MOMO) Stock Price
News headlines about Momo (NASDAQ:MOMO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Momo earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 45.9423349883485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Analysis: Positioning to Benefit within Dorman Products, Momo, Wix, Open Text, Talend S.A, and Travelport Worldwide — Research Highlights Growth, Revenue, and Consolidated Results (finance.yahoo.com)
- Analysts Insights on Momo Inc Ads (MOMO) – Emn News (emnnews.com)
- Can Momo Stock Keep Going After Last Week's 14% Pop? (finance.yahoo.com)
- Momo (MOMO) Lowered to “Buy” at Vetr (americanbankingnews.com)
- Momo (MOMO) Upgraded by Vetr to Strong-Buy (americanbankingnews.com)
Momo (MOMO) traded up $0.37 on Wednesday, reaching $37.19. 1,950,589 shares of the company’s stock traded hands, compared to its average volume of 5,809,674. Momo has a 12-month low of $22.49 and a 12-month high of $46.69. The company has a market capitalization of $7,450.00, a P/E ratio of 24.24 and a beta of 1.68.
Several equities analysts recently issued reports on the stock. BidaskClub lowered shares of Momo from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Vetr upgraded shares of Momo from a “buy” rating to a “strong-buy” rating and set a $41.07 target price on the stock in a report on Friday, March 9th. TheStreet upgraded shares of Momo from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Deutsche Bank set a $46.00 target price on shares of Momo and gave the company a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of Momo from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $41.70.
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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