Hello Group (NASDAQ:MOMO) Stock Rating Upgraded by StockNews.com

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

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

Hello Group Trading Down 0.6 %

Shares of MOMO 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’s fifty day moving average price is $6.61 and its 200 day moving average price is $6.23. The firm has a market capitalization of $924.46 million, a PE ratio of 5.80, a P/E/G ratio of 1.98 and a beta of 0.53.

Hello Group (NASDAQ:MOMO) last posted 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. Hello Group had a net margin of 13.38% and a return on equity of 13.61%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Hello Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MOMO. Platinum Investment Management Ltd. grew its holdings 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 in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Hello Group in the 2nd quarter worth approximately $68,000. Kathmere Capital Management LLC acquired a new position in Hello Group in the 2nd quarter valued at $74,000. D Orazio & Associates Inc. purchased a new position in shares of Hello Group during the 4th quarter worth $79,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Hello Group during the second quarter worth $87,000. Institutional investors and hedge funds 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.