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

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

MOMO has been the topic of several other reports. Benchmark cut their price target 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. Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group lifted their target price on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Hello Group has an average rating of “Hold” and a consensus target price of $7.93.

Hello Group Price Performance

Shares of MOMO opened at $6.73 on Wednesday. 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 $975.17 million, a PE ratio of 6.73, a P/E/G ratio of 2.03 and a beta of 0.54. The firm has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $6.53. Hello Group has a 1-year low of $4.79 and a 1-year high of $8.19.

Hello Group (NASDAQ:MOMO) last posted its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $2.13. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. Hello Group’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, analysts forecast 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. lifted its holdings in shares of Hello Group by 472.1% in the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 3,196 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. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hello Group in the second quarter valued at $87,000. Finally, SG Americas Securities LLC acquired a new position in Hello Group in the third quarter valued at $125,000. 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.