Investors Purchase Large Volume of Hello Group Put Options (NASDAQ:MOMO)

Hello Group Inc. (NASDAQ:MOMOGet Free Report) saw some unusual options trading on Tuesday. Stock traders purchased 4,838 put options on the stock. This is an increase of 390% compared to the typical volume of 988 put options.

Institutional Trading of Hello Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of Hello Group during the 4th quarter valued at $28,000. Platinum Investment Management Ltd. grew its position in Hello Group by 110.0% in the first quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock worth $56,000 after acquiring an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Hello Group by 10,987.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,311 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 10,218 shares during the last quarter. D Orazio & Associates Inc. bought a new stake in Hello Group during the fourth quarter worth about $79,000. Finally, Kathmere Capital Management LLC purchased a new position in shares of Hello Group in the 2nd quarter worth about $74,000. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Hello Group Price Performance

Shares of NASDAQ MOMO opened at $6.60 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.36 and a current ratio of 2.36. Hello Group has a fifty-two week low of $4.79 and a fifty-two week high of $11.12. The stock has a market cap of $956.34 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.51. The stock has a fifty day moving average of $5.90 and a 200-day moving average of $6.13.

Hello Group (NASDAQ:MOMOGet Free Report) last posted its earnings results on Tuesday, May 28th. The information services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Hello Group will post 0.98 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on MOMO. StockNews.com lowered Hello Group from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. downgraded shares of Hello Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $6.00 in a report on Monday, June 3rd. Benchmark decreased their price objective on shares of Hello Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Citigroup dropped their target price on shares of Hello Group from $6.40 to $5.70 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. Finally, Morgan Stanley lowered shares of Hello Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Hello Group has an average rating of “Hold” and a consensus price target of $8.90.

Check Out Our Latest Stock Analysis on MOMO

About Hello Group

(Get Free Report)

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. 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.

Further Reading

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