Hello Group Inc. (NASDAQ:MOMO) Given Consensus Rating of “Hold” by Brokerages

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.93.

A number of equities research analysts recently commented on the company. Citigroup dropped their price objective on Hello Group from $6.40 to $5.70 and set a “neutral” rating for the company in a report on Wednesday, May 29th. Jefferies Financial Group increased their price target on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lowered shares of Hello Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $6.00 in a report on Monday, June 3rd. Finally, Benchmark decreased their price target on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 4th.

Hello Group Stock Down 2.5 %

Shares of NASDAQ:MOMO opened at $6.29 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market cap of $911.41 million, a price-to-earnings ratio of 5.72, a P/E/G ratio of 1.90 and a beta of 0.53. The company has a 50 day moving average of $6.63 and a 200-day moving average of $6.23. Hello Group has a one year low of $4.79 and a one year high of $7.74.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $2.13. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. On average, sell-side analysts forecast that Hello Group will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Hello Group

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in Hello Group by 9.0% in the 4th quarter. Quadrant Capital Group LLC now owns 32,840 shares of the information services provider’s stock worth $228,000 after purchasing an additional 2,712 shares during the period. Platinum Investment Management Ltd. boosted its position in shares of Hello Group by 110.0% during the first quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock worth $56,000 after buying an additional 4,700 shares during the period. Virtu Financial LLC grew its holdings in shares of Hello Group by 31.8% during the fourth quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after buying an additional 7,581 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Hello Group by 19.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider’s stock valued at $415,000 after buying an additional 11,013 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Hello Group in the 2nd quarter valued at approximately $68,000. Institutional investors own 50.96% of the company’s stock.

About Hello Group

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.