Hello Group (NASDAQ:MOMO) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Hello Group (NASDAQ:MOMO) from a sell rating to a hold rating in a research note released on Wednesday morning.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Hello Group from an equal weight rating to an underweight rating in a report on Wednesday, May 15th. Benchmark cut their price target on Hello Group from $15.00 to $13.00 and set a buy rating for the company in a report on Wednesday. Citigroup decreased their price objective on Hello Group from $6.40 to $5.70 and set a neutral rating on the stock in a report on Wednesday, May 29th. JPMorgan Chase & Co. lowered Hello Group from an overweight rating to a neutral rating and dropped their target price for the company from $13.00 to $6.00 in a research note on Monday, June 3rd. Finally, Jefferies Financial Group increased their target price on Hello Group from $6.50 to $7.00 and gave the stock a buy rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $7.93.

Hello Group Trading Down 0.6 %

Shares of Hello Group stock opened at $6.38 on Wednesday. Hello Group has a 1 year low of $4.79 and a 1 year high of $7.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50 day moving average price of $6.61 and a 200 day moving average price of $6.23. The company has a market capitalization of $924.46 million, a P/E ratio of 5.80, a P/E/G ratio of 1.98 and a beta of 0.51.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Sell-side analysts anticipate that Hello Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Platinum Investment Management Ltd. increased its stake in 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 acquiring an additional 4,700 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hello Group during the 2nd quarter worth about $68,000. Kathmere Capital Management LLC acquired a new stake in Hello Group during the 2nd quarter worth approximately $74,000. D Orazio & Associates Inc. purchased a new position in Hello Group in the fourth quarter valued at approximately $79,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Hello Group during the second quarter valued at approximately $87,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Company Profile

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.