Analyst Rating Update on Momo (MOMO)

Momo (MOMO) : Zacks Investment Research ranks Momo (MOMO) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. The average broker rating of 1 research analysts is 4.3, which indicates as a Strong Sell.

The shares have received a consensus rating of Sell for the current week


Momo (NASDAQ:MOMO): The stock opened at $14.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.10 for the day. The stock traded down to $14.71 during the day, due to lack of any buying support eventually closed down at $14.92 with a loss of -0.60% for the day. The stock had closed at $15.01 on the previous day. The total traded volume was 833,402 shares.

Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company enables users to establish social relationships based on location and interests. Its 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. The Momo mobile application is available on android, iOS and Windows platforms. Momo features various location and interest-based features, such as Nearby People, Groups, Message Board, Topics and Nearby Events, multi-media instant messaging tools, as well as mobile games. Its other services include emoticons and mobile marketing services. Its virtual store features emoticons designed in-house and by third-parties.

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