Hello Group Inc. (NASDAQ:MOMO) Receives Consensus Recommendation of “Hold” from Analysts

Hello Group Inc. (NASDAQ:MOMO) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.93.

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

Hello Group Trading Down 2.3 %

MOMO stock opened at $6.68 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19. The company has a market cap of $967.93 million, a P/E ratio of 6.68, a PEG ratio of 2.05 and a beta of 0.54. The business has a fifty day moving average of $6.98 and a 200-day moving average of $6.51.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $2.13. The firm 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 12.09% and a net margin of 12.40%. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, equities research analysts expect that Hello Group will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Hello Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MOMO. Blue Trust Inc. grew its holdings in shares of Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 3,196 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 acquiring an additional 10,818 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of 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 acquiring an additional 11,013 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Hello Group during the second quarter worth about $68,000. Finally, Kathmere Capital Management LLC bought a new position in Hello Group during the second quarter worth about $74,000. 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.