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

Hello Group Inc. (NASDAQ:MOMO) has earned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.93.

Several research analysts have commented on the stock. Jefferies Financial Group upped their price objective 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. Benchmark lowered their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th.

Hello Group Stock Up 1.0 %

Shares of NASDAQ:MOMO opened at $6.89 on Friday. Hello Group has a 1 year low of $4.79 and a 1 year 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 stock’s 50-day moving average is $6.86 and its 200 day moving average is $6.36. The company has a market cap of $998.36 million, a PE ratio of 6.89, a P/E/G ratio of 2.16 and a beta of 0.54.

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, 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 analysts’ expectations of $2.67 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was down 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Hello Group will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Hello Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Hello Group during the second quarter valued at approximately $22,553,000. Jupiter Asset Management Ltd. raised its stake in Hello Group by 994.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock valued at $10,043,000 after buying an additional 1,469,500 shares during the last quarter. Sei Investments Co. boosted its holdings in Hello Group by 26.3% in the first quarter. Sei Investments Co. now owns 448,013 shares of the information services provider’s stock worth $2,782,000 after acquiring an additional 93,238 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hello Group by 20.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after acquiring an additional 633,746 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Hello Group by 33.5% during the first quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider’s stock valued at $14,144,000 after acquiring an additional 571,840 shares in the last quarter. Hedge funds and other institutional investors 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.