Hello Group Inc. (NASDAQ:MOMO) Receives $7.93 Average Target Price from Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.93.

Several equities analysts have recently commented on MOMO shares. Benchmark decreased their price target on 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 raised shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group boosted their price target 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.

Hello Group Price Performance

Hello Group stock opened at $7.86 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.14 billion, a P/E ratio of 7.15, a PEG ratio of 1.99 and a beta of 0.54. The company has a 50-day moving average price of $6.78 and a 200 day moving average price of $6.28. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.19.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $2.13. The firm had revenue of $2.69 billion for 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 firm’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Sell-side analysts anticipate that Hello Group will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Hello Group

Several institutional investors have recently bought and sold shares of the company. Platinum Investment Management Ltd. boosted its stake in shares of Hello Group by 110.0% in the first quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 4,700 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Hello Group in the 2nd quarter valued at approximately $68,000. Kathmere Capital Management LLC acquired a new position in shares of Hello Group in the second quarter worth $74,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hello Group during the second quarter worth $87,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Hello Group in the third quarter valued at $125,000. 50.96% of the stock is owned by institutional investors and hedge funds.

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.