NEW YORK, March 13, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on MOMO, SINA, SNAP, and SQ which can be accessed for free by signing up to www.wallstequities.com/registration. WallStEquities.com shifts focus on the Internet Software and Services space, which includes companies that develop and market Internet software and/or provide Internet services, including online databases and interactive services, web address registration services, database construction, and Internet design services. Research reports have been issued on the following stocks this morning: Momo Inc. (NASDAQ :MOMO ), SINA Corp. (NASDAQ :SINA ), Snap Inc. (NYSE :SNAP ), and Square Inc. (NYSE :SQ ). All you have to do is sign up today for this free limited time offer by clicking the link below.
Beijing, China headquartered Momo Inc.'s stock finished Monday's session 1.33% lower at $37.04 with a total trading volume of 4.09 million shares. Over the last month and the previous three months, the Company's shares have surged 40.41% and 55.63%, respectively. Additionally, the stock has gained 20.34% over the past year. Shares of the Company are trading above their 50-day and 200-day moving averages by 24.38% and 9.52%, respectively. Moreover, shares of Momo, which operates as a mobile-based social networking platform in China, have a Relative Strength Index (RSI) of 64.95.
On February 20th, 2018, research firm Citigroup initiated a 'Buy' rating on the Company's stock, with a target price of $40 per share.
On February 23rd, 2018, Momo announced that the Company has reached a definitive agreement with Tantan Limited and all of its shareholders, pursuant to which the former 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 Momo and US$600.9 million in cash. The deal is expected to close in the second quarter of 2018, subject to customary closing conditions. Get the full research report on MOMO for free by clicking below at: www.wallstequities.com/registration/?symbol=MOMO
Shares in Beijing, China headquartered SINA Corp. declined 2.49%, ending yesterday's session at $118.87. A total volume of 969,888 shares was traded, which was above their three months average volume of 923,490 shares. The stock has gained 17.51% in the past month, 23.76% in the previous three months, and 85.99% over the past year. The Company's shares are trading 3.88% above their 50-day moving average and 13.72% above their 200-day moving average. Moreover, shares of SINA, which through its subsidiaries, operates as an online media company in China, have an RSI of 53.65.
On February 14th, 2018, research firm CLSA upgraded the Company's stock rating from 'Outperform' to 'Buy'. Find your free research report on SINA at: www.wallstequities.com/registration/?symbol=SINA
On Monday, Venice, California headquartered Snap Inc.'s stock rose 1.29%, to close the day at $18.11. A total volume of 17.03 million shares was traded. The Company's shares have advanced 23.20% in the previous three months. The stock is trading 13.14% and 16.98% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Snap, which operates as a camera company in the US and internationally, have an RSI of 55.42.
On February 20th, 2018, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.
On February 22nd, 2018, Snap has filed its Annual Report on Form 10-K for the year ended December 31st, 2017, with the SEC. The report, which includes the Company's audited financial statements, can be accessed on the Company's investor website. Sign up today for the free research report on SNAP at: www.wallstequities.com/registration/?symbol=SNAP
Shares in San Francisco, California headquartered Square Inc. ended the day 1.33% higher at $53.19. A total volume of 12.47 million shares was traded. The stock has gained 34.66% in the last month, 37.34% in the previous three months, and 214.55% over the past year. The Company's shares are trading above their 50-day and 200-day moving averages by 23.20% and 60.10%, respectively. Furthermore, shares of Square, which provides payment and point-of-sale solutions in the US and internationally, have an RSI of 75.70.
On February 27th, 2018, Square announced its results for Q4 and full year of 2017. For Q4 2017, total net revenue was $616 million, operating expenses were $253 million, and adjusted EBITDA was $41 million. For the full year 2017, total net revenue was $2.2 billion, operating expenses were $894 million, and adjusted EBITDA was $139 million.
On February 28th, 2018, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $37 a share to $50 a share. Wall St. Equities' research coverage also includes the downloadable free report on SQ at: www.wallstequities.com/registration/?symbol=SQ
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