Traders sold shares of Momo Inc (NASDAQ:MOMO) on strength during trading hours on Friday. $49.97 million flowed into the stock on the tick-up and $97.51 million flowed out of the stock on the tick-down, for a money net flow of $47.54 million out of the stock. Of all stocks tracked, Momo had the 0th highest net out-flow for the day. Momo traded up $1.80 for the day and closed at $37.54
Several equities analysts recently commented on the company. Vetr downgraded Momo from a “strong-buy” rating to a “buy” rating and set a $40.05 price objective on the stock. in a research note on Thursday. BidaskClub upgraded Momo from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank set a $46.00 price objective on Momo and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Momo from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Citigroup assumed coverage on Momo in a research note on Tuesday, February 20th. They issued a “buy” rating and a $40.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Momo has an average rating of “Buy” and an average price target of $41.70.
The company has a market cap of $7,450.00, a PE ratio of 24.54 and a beta of 1.68.
Several large investors have recently bought and sold shares of MOMO. Castleark Management LLC purchased a new stake in shares of Momo during the fourth quarter worth $144,000. Rational Advisors LLC lifted its position in shares of Momo by 108.7% during the third quarter. Rational Advisors LLC now owns 4,800 shares of the information services provider’s stock worth $150,000 after acquiring an additional 2,500 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Momo by 213.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,525 shares of the information services provider’s stock worth $184,000 after acquiring an additional 5,125 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Momo during the fourth quarter worth $237,000. Finally, Caxton Associates LP purchased a new stake in shares of Momo during the third quarter worth $254,000. Hedge funds and other institutional investors own 38.14% of the company’s stock.
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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