|Bid||35.42 x 100|
|Ask||35.90 x 100|
|Day's Range||33.13 - 35.87|
|52 Week Range||22.49 - 46.69|
|PE Ratio (TTM)||24.24|
|Earnings Date||Mar 5, 2018 - Mar 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.03|
Shares of Momo Inc. (MOMO) soared more than 12% in morning trading Friday after the Chinese instant messaging company acquired Tantan, China's top dating application, in an all-cash deal valued at more than $600 million.
Momo Inc. agreed to buy Tinder-like competitor Tantan Ltd. to solidify its dominance in China’s online dating and hook-up sphere.
BEIJING, Feb. 23, 2018 /PRNewswire/ -- Momo Inc. (MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced that it has reached a definitive agreement with Tantan Limited ("Tantan") and all of its shareholders, pursuant to which Momo agreed to acquire 100% fully diluted equity stake in Tantan for a combination of share consideration and cash, including approximately 5.3 million newly issued Class A ordinary shares of the Company and US$600.9 million in cash. Founded in 2015, Tantan is a leading social and dating app in China for the young generation. Tantan is designed to help users to find a romantic connection as well as to meet interesting people.
Momo Inc. has agreed to buy Tinder-like competitor Tantan for about $735 million to solidify its lead in Chinese online dating, according to two people familiar with the matter.
For contrarian-minded traders, Momo Inc (ADR) (NASDAQ:MOMO) is once again offering investors opportunity no matter what Wall Street’s next move is. Investors still have another month before learning if those fears have been misplaced or not with Momo earnings due in early March. As much, some might see this as a good time to wait for a bit more clarity or the proverbial dust to settle before making any decisions on MOMO stock.
NEW YORK, NY / ACCESSWIRE / February 12, 2018 / U.S. markets managed to finish in the green on Friday, despite concerns of rising interest rates and inflationary pressure. The Dow Jones Industrial Average ...
Momo Inc (NASDAQ:MOMO) trades with a trailing P/E of 17.2x, which is lower than the industry average of 29.3x. While MOMO might seem like an attractive stock to buy, itRead More...
Mid-caps stocks, like Momo Inc (NASDAQ:MOMO) with a market capitalization of $6.16B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks.Read More...
China dating app turned live-streaming platform Momo Inc (ADR) (NASDAQ:MOMO) had a really good start to 2017. MOMO stock subsequently dropped from above $40 in mid-2017 to nearly $20 by late November 2017. Yes, China is cracking down on live streaming, but it isn’t stopping the entire industry.
NEW YORK, NY / ACCESSWIRE / January 30, 2018 / U.S. markets posted their worst day of 2018 on Monday as the yield on the benchmark 10-year Treasury note traded at the highest level since April 2014. The ...
A couple of my Investor Place colleagues have made compelling cases for buying Momo Inc (ADR) (OTC:MOMO) in recent days. Prior to that, MOMO stock hadn’t been above that line since August. Up 26% since the start of December, this is now the biggest sustained rally in MOMO stock since last summer.
Here’s the thing about Momo Inc (ADR) (NASDAQ:MOMO): it’s just like all those red-hot Chinese internet stocks, but MOMO stock is much, much cheaper. Everyone is raving about the China internet and retail growth narratives. It seems the majority of China is urbanizing and digitizing.
Until August, Momo Inc (ADR) (NASDAQ:MOMO) was part of a group of Chinese online companies that could seem to do no wrong. There were two earnings reports that showed a steep deceleration in the growth ramp. As a result, Momo stock went from $46 to $27.
For contrarian-minded traders looking for serious growth at a massive discount, Momo Inc (ADR) (NASDAQ:MOMO) is trying to ‘flag’ down investors to get their attention. But instead of buying Momo stock, a modified spread looks well-suited for bullish positioning no matter what Wall Street’s next move is.
Alibaba Group Holding Ltd (NYSE:BABA) suffered a major setback in its efforts to make a play for the US market. The company’s payments business, called Ant Financial Services Group (which is privately held), was blocked from acquiring Moneygram International Inc (NASDAQ:MGI). What’s more, there continues to be a hardline approach to China.
Categories: Yahoo FinanceGet free summary analysis Momo, Inc. reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Momo, Inc. – VeriSign, Inc., Glu Mobile Inc., Wix.com Ltd. and Akamai Technologies, Inc. (VRSN-US, GLUU-US, WIX-US and AKAM-US) that have also reported for this period. Highlights Summary numbers: ... Read more (Read more...)
Momo Inc (NASDAQ:MOMO), a internet company based in China, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqGS. As a mid-capRead More...