Hello Group Inc. (NASDAQ:MOMO) Given Average Recommendation of “Hold” by Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $7.93.

MOMO has been the subject of several research reports. StockNews.com cut Hello Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price target on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Benchmark decreased their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

Hello Group Stock Performance

NASDAQ MOMO opened at $6.68 on Wednesday. The company’s fifty day moving average is $6.98 and its two-hundred day moving average is $6.51. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.19. 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 firm has a market capitalization of $967.93 million, a price-to-earnings ratio of 6.68, a P/E/G ratio of 2.05 and a beta of 0.54.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $2.13. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. Equities research analysts forecast that Hello Group will post 0.73 EPS for the current year.

Institutional Trading of Hello Group

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Hello Group in the 3rd quarter worth approximately $1,013,000. XTX Topco Ltd boosted its stake in Hello Group by 95.1% in the third quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after purchasing an additional 25,700 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Hello Group by 40.2% during the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock worth $528,000 after purchasing an additional 19,909 shares during the last quarter. Polymer Capital Management HK LTD acquired a new stake in shares of Hello Group in the third quarter valued at $894,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Hello Group by 105.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock valued at $160,000 after buying an additional 10,818 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

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.