Brokerages Set Hello Group Inc. (NASDAQ:MOMO) PT at $13.83

Hello Group Inc. (NASDAQ:MOMO) has earned an average rating of “Moderate Buy” from the three ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.25.

A number of research analysts recently commented on the company. Benchmark reduced their price target on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 15th. StockNews.com lowered Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd.

Hello Group Trading Down 1.6 %

MOMO opened at $5.59 on Friday. The firm’s 50 day moving average is $6.26 and its 200-day moving average is $6.57. Hello Group has a 52-week low of $5.30 and a 52-week high of $11.12. The company has a quick ratio of 3.72, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.05 billion, a P/E ratio of 4.05 and a beta of 0.68.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $422.95 million for the quarter, compared to analysts’ expectations of $447.28 million. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. Analysts expect that Hello Group will post 1.46 EPS for the current fiscal year.

Hello Group Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a $0.52 dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 8.97%.

Hedge Funds Weigh In On Hello Group

A number of hedge funds have recently bought and sold shares of MOMO. DGS Capital Management LLC grew its position in shares of Hello Group by 63.0% in the 1st quarter. DGS Capital Management LLC now owns 62,260 shares of the information services provider’s stock worth $387,000 after acquiring an additional 24,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Hello Group by 188.3% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,001,600 shares of the information services provider’s stock worth $6,961,000 after purchasing an additional 654,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Hello Group by 14.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider’s stock worth $29,711,000 after purchasing an additional 555,602 shares during the last quarter. Virtu Financial LLC boosted its holdings in Hello Group by 31.8% in the fourth quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after purchasing an additional 7,581 shares during the period. Finally, Barclays PLC bought a new stake in Hello Group during the fourth quarter valued at $289,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities including, live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.