MOMO - Momo Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
36.80
-0.99 (-2.62%)
As of 11:58AM EST. Market open.
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Previous Close37.79
Open37.76
Bid36.90 x 800
Ask36.91 x 800
Day's Range36.74 - 37.76
52 Week Range22.85 - 41.50
Volume827,301
Avg. Volume2,418,346
Market Cap7.514B
Beta (3Y Monthly)2.21
PE Ratio (TTM)18.04
EPS (TTM)2.04
Earnings DateNov 26, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2019-04-04
1y Target Est41.88
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  • PR Newswire

    Momo to Report Third Quarter 2019 Results on November 26, 2019

    BEIJING , Nov. 5, 2019 /PRNewswire/ -- Momo Inc. (Nasdaq: MOMO) ("Momo" or the "Company"), one of China's leading mobile social networking platforms, today announced that it will release ...

  • 3 ‘Perfect 10’ Stocks to Buy in November for 2020
    TipRanks

    3 ‘Perfect 10’ Stocks to Buy in November for 2020

    Volatile markets, an uncertain future, and certainly unsettled present have investors on edge. They want clear winners for their investments, but these days such sure winners are harder and harder to find. In the last six months, the S&P 500 may be up 3.7%, its gains have been interspersed with episodes of losses and extreme price shifts. What’s needed here, to calm investors, is a tool to find the stocks that weather today’s market environment.TipRanks presents the Smart Score, a single number distilled from no less than 8 different factors measured and tracked by AI algorithms. The Smart Score follows such factors as analyst, blogger, and news sentiment, to see what the conventional wisdom is on a stock; hedge fund activity, insiders trades, and individual investor actions, to see what investors of all sizes are actually doing; and the technical and fundamental analysis factors that market analysts have traditionally used in rating stocks. The result is single-digit score providing a gestalt opinion of the stock at question.We’ve dipped into the TipRanks database to find three tech stocks that have all received a ‘Perfect 10’ from the Smart Score analysis. Let’s see what makes them stand out.Momo, Inc. (MOMO)Coming to us from China, Momo brings a mobile app for social media and instant messaging. The app is free, but the company monetizes it in a variety of ways, but mainly through paid subscriptions for enhanced services and integrated third-party games.The social networking app environment is a proven money maker, and Momo has proven adept at monetizing it. In the company’s last reported quarter, the Q2 report released back in August, it showed a 32% revenue growth, along with the fourth quarter in a row of 110 million-plus daily active users. Management guided toward 17% to 19% revenue growth for Q3, and in December we’ll find out if they are right.MOMO’s perfect Smart Score is based on five of the factors: strongly positive analyst sentiment, 92% bullish blogger opinions, a 2.2 million share increase in Q2 purchases by major hedge funds, and strong technical and fundamentals.JPMorgan’s Alex Yao, writing as part of a team, sees Momo doing well in the second half of this year. He writes, “We expect 3Q19 to be another solid quarter for Momo with revenue upside... While Momo’s growth momentum remains strong, we believe the growth potential of Momo/Tantan is not fully factored into the current share price.” Yao’s group put a $47 price target on the stock, suggesting a 40% upside in line with their bullish thesis. (To watch Yao's track record, click here)In an October 17 report, UBS analyst Jerry Liu updated his Buy rating on MOMO shares. He wrote, “Momo has managed through recent regulatory issues with no significant long-term impact, and the most sensitive periods this year have passed. We remain positive on the stock given upside potential…” Going into some additional detail, Liu adds, “We are still positive on Momo as its shift from live streaming to dating and audio and video-based virtual gifting in newer products with smaller group settings broadens the use case, driving user, paying conversion and ARPPU improvements. Investors are focusing on the maturing live streaming market, but underestimating the value-added services opportunity.” Liu’s price target of $42 indicates a 25% upside.Overall, Momo has a Strong Buy consensus based on 3 recent Buy ratings. As the reports here show, that consensus is likely to grow stronger in coming weeks. Shares are selling for $33.51, and the $43 average price target implies a 25% upside. (See MOMO stock analysis on TipRanks)Proofpoint (PFPT)With Proofpoint, we are looking at one of Silicon Valley’s stalwarts. This online security company thrives on businesses’ need for secure email, along with archiving, inbound security, and data loss prevention on outbound messages. The flow of messages in and out of a system is a natural weak point in digital security, and Proofpoint offers proven solutions.The company’s competent position in its niche underlies its perfect Smart Score. The analysts see it as a Strong Buy, the bloggers are 100% bullish (as opposed to the sector average, of 65% bullish), and the news reports on PFPT are also 100% bullish. The hedge funds made modest increases to their holdings of this stock last quarter.All of that is good, but the technical indicators are PFPT’s best. The positive simple moving average, showing that the 20-day average is higher than the 200-day average, indicates the stock is trending upwards, while the 31% momentum shows it has gained in the last 12 months. The stock is up 37% year-to-date, another indication of upward momentum.Top analysts are sanguine about Proofpoint’s continued performance. Steven Koenig, of Wedbush, says, in a report titled Steady as She Goes, “We see several growth drivers: a favorable competitive environment, cross-sell/upsell and traction with bundles, growing international traction, acceleration of emerging products, and the recent FedRAMP certification that could drive public sector deals.” His $140 price target indicates confidence in a 21% upside in the next 12 months. (To watch Koenig's track record, click here)Chiming in from Deutsche Bank, Gray Powell sees the stock as attractively priced. He writes, “we are rolling forward to a 2021 target EV/FCF multiple of 27x. For comparison purposes, our target continues to equate to 33x 2020E EV/FCF on a normalized basis. These multiples are roughly in line with the average of other mid-cap software names exhibiting revenue growth in the 20%+/- range.” Powell’s $147 price target implies an upside of 27%.Proofpoint’s Strong Buy consensus rating, mentioned briefly above, is based on 9 buys and 1 hold set in the last three months. This stock comes with a price of $115, and an average target price of $144 suggests a 23% upside. (See Proofpoint stock analysis on TipRanks)Telaria (TLRA)This software company, based in New York, offers a Video Management Platform, a package that manages the premium ads in online digital videos. In short, Telaria makes money by helping customers track their monetization efforts. There is nothing in the online world that can’t be somehow turned to profit.Telaria is the smallest of the companies on this list, with a market cap of just $347 million, and in the last eight quarters it has only reported positive EPS once, but its technical indicators are strong. The simple moving average is positive, and the stock shows 170% momentum over the past 12 months. Asset growth in that time has been 50%. Recent news sentiment on this stock is 100% bullish, as are the financial bloggers’ opinions. The hedge funds made a modest increase in their holdings of this stock.Jason Kreyer, 5-star analyst with Craig-Hallum, sums up Momo’s prospects succinctly: “We remain encouraged by the backdrop for connected TV advertising given the volume of new programming set to hit the market in the coming months.  There remains a significant delta between CTV viewership and ad dollars, which we expect will narrow over time.” His price target on this stock, $11, implies a robust upside potential of 45%. (To watch Kreyer's track record, click here)To find other good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.

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  • China Video App Seeks Funds at $25 Billion Value Before IPO
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    (Bloomberg) -- Chinese startup Kuaishou is considering a U.S. initial public offering to bankroll its expansion in short videos and fend off competition from TikTok-owner ByteDance Inc., according to people familiar with the matter.The company, backed by Tencent Holdings Ltd., plans to list next year, the people said, requesting not to be named because the matter is private. One person said Kuaishou also weighed the option of going public this year. The video startup is raising more than $1 billion at a $25 billion valuation in a pre-IPO round mostly from Tencent, one of the people said.Kuaishou is an important part of Chinese social media giant Tencent’s strategy to compete against ByteDance, now the world’s most valuable startup. Tencent has devoted a lot of resources toward building a library of short and mini video offerings -- key to retaining user attention and boosting advertising revenue -- but has yet to catch its rival.“Tencent’s biggest enemy is ByteDance right now,” said David Dai, a Hong Kong-based analyst at Bernstein. “Tencent hasn’t been very successful in short videos in the past, so resorting to investing in other companies instead is its best option.”U.S.-listed shares of some of Kuaishou’s competitors fell. Momo Inc. fell 2.8%, the most in more than a week, while DouYu International Holdings Ltd. fell 1.9%, the most in about a month. Both under-performed the Nasdaq, which rose 0.3%.Read more: Tencent Tumbles After China’s Slowdown, ByteDance Hit Ad SalesTencent President Martin Lau said during an August earnings call that short and mini videos would be a key vertical for expansion.Kuaishou or “fast hand” first established its popularity among users in China’s smaller cities and rural areas, with people streaming slices of everyday life from harvesting corn to slurping noodles. It’s also been luring users in bigger cities and expanding its content to include everything from people playing video games to teenagers lip-syncing songs.Kuaishou was seeking funds in January last year at a valuation of $17 billion. The eight-year-old company, which was valued at $3 billion in January 2015 by CB Insights, also counts Sequoia and Morningside Group Holdings as backers. It had 110 million daily active users as of December 2017, according to its website. Annie He, a spokeswoman for Kuaishou didn’t respond to requests for comment. Tencent declined to comment in an emailed statement.“Kuaishou is the only one that can still counter ByteDance now,” Dai said.(Updates with shares from the fifth paragraph and adds chart.)To contact the reporters on this story: Crystal Tse in Hong Kong at ctse44@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Bloomberg

    Momo Slides After China Launches Probe into Viral Face-Swap App

    (Bloomberg) -- Momo Inc.’s shares slid by their most in a month after China’s technology industry overseer began an inquiry into how its Zao face-swapping app handles user data.The stock slid 6.6% after the Ministry of Industry and Information Technology responded to an online outcry about privacy terms involving the app, which went viral in the world’s biggest smartphone market. The ministry asked executives at the Chinese company to “rectify” the app, according to a statement posted to its official social media account. It also asked Momo, better known as a developer of hookup and live-streaming services, to only collect and use personal data according to local laws. The company should assess security risks on new platforms and prevent the use of information in online fraud, according to the statement.Zao’s developers said in a statement Wednesday they would abide by the laws, regulations and requirements of the authorities, and implement higher standards to secure user data.Momo’s app launched recently and rapidly topped the free downloads chart on China’s Apple iOS store. It lets users upload a headshot of themselves and swap faces with the likes of Leonardo DiCaprio and Marilyn Monroe in popular movie scenes. But delight at the prospect of becoming instant superstars turned sour as privacy implications sank in.An earlier version of Zao’s user agreement stated the app had “permanent” rights to all user-generated content. The developers have since tweaked the terms and said they were addressing privacy issues. But Zao was deluged by a wave of negative reviews that sent its App Store rating to 1.9 stars out of 5 at one point.“When the initial freshness of the play fades, we think users are likely to quickly become bored and we are unsure how the company plans to retain its users,” CICC analyst Natalie Wu wrote in a note Tuesday.Read more: China’s Red-Hot Face-Swapping App Provokes Privacy Concern (1)To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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    (Bloomberg) -- Chinese face-swap app Zao rocketed to the top of app store charts over the weekend, but user delight at the prospect of becoming instant superstars quickly turned sour as privacy implications began to sink in.Launched recently, Zao is currently topping the free download chart on China’s iOS store. Its popularity has also pushed another face-swap app, Yanji, to fifth place on the list. Behind Zao is a company fully owned by Chinese hookup and live-streaming service Momo Inc. President Wang Li and co-Founder Lei Xiaoliang, according to public company registration documents.Users of the app upload a photo of themselves to drop their likeness into popular scenes from hundreds of movies or TV shows. It’s a chance to be the star and swap places with the likes of Marilyn Monroe, Leonardo DiCaprio or Sheldon Cooper from The Big Bang Theory in a matter of moments.The photo uploads have proven problematic, however. A user can provide an existing photo or, following on-screen prompts, create a series of photos where they blink their eyes and open their mouth to help create a more realistic deepfake. An earlier version of Zao’s user agreement stated that the app had “free, irrevocable, permanent, transferable, and relicense-able” rights to all this user-generated content. Zao has since updated its terms -- the app now says it won’t use headshots or mini videos uploaded by users for purposes other than to improve the app or things pre-agreed by users. If users delete the content they uploaded, the app will erase it from its servers as well.But the reaction has not been quick enough, as Zao has been deluged by a wave of negative reviews that now sees its App Store rating stand at 1.9 stars out of five, following more than 4,000 reviews. Many users complained about the privacy issue.“We understand the concern about privacy. We’ve received the feedback, and will fix the issues that we didn’t take into consideration, which will need a bit of time,” a statement posted to Zao’s account on social-media platform Weibo said.On Monday, the China E-Commerce Research Center urged authorities to look into the matter. The app “violates certain laws and standards set by the nation and the industry,” the research house said in a statement, citing Wang Zheng of the Taihang Law Firm.It’s not the first time such face-swapping apps have enjoyed popularity either in China or around the world, but Zao’s smooth and quick integration of faces into videos and internet memes is what makes it stand out.The machine learning technology underpinning deepfakes of this kind has matured rapidly, to the point where it can believably impersonate famous personalities like Joe Rogan and make them say whatever the aspiring faker types. U.S. politicians are wrestling with the issue of how to regulate this emergent misinformation threat, and top Democrat Adam Schiff has described it as a source of “nightmarish scenarios” for the 2020 presidential election.At the individual level, FaceApp is the most famous and notorious deepfake face-modification app to date. It went viral globally on two different occasions, showing people how they’d look in their old age or with their gender flipped. The app also kicked up an unintentional privacy scare with its practice of uploading images to servers to be processed, illustrating a growing sensitivity to how user data is handled.After users flooded WeChat, China’s most widely used social media platform, with Zao-enabled short clips and GIFs, the Tencent Holdings Ltd.-operated messaging app banned links to the service, saying there have been numerous reports about it presenting “security risks.” Tencent didn’t immediately comment on the decision.“I just realized the terms are so unfair but it’s too late,” one unhappy iOS reviewer of Zao wrote. “Nowadays people don’t usually bother to read them.”“Rubbish, hooligan software,” added another reviewer.(Updates with research center’s comments in the 7th paragraph)\--With assistance from Vlad Savov and Lulu Yilun Chen.To contact the reporters on this story: Colum Murphy in Hong Kong at cmurphy270@bloomberg.net;Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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