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

Hello Group Inc. (NASDAQ:MOMO) has been given a consensus recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.93.

Several equities analysts recently commented on MOMO shares. 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. Benchmark decreased 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, September 4th. Finally, StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th.

Hello Group Trading Up 0.4 %

Shares of MOMO opened at $7.10 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.55 and a current ratio of 2.55. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.19. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 2.16 and a beta of 0.54. The business’s fifty day moving average is $6.88 and its 200-day moving average is $6.40.

Hello Group (NASDAQ:MOMO) last released its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (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 business’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. Equities analysts anticipate that Hello Group will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Hello Group

A number of hedge funds have recently bought and sold shares of MOMO. First Beijing Investment Ltd acquired a new position in Hello Group in the third quarter valued at approximately $30,773,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hello Group in the 3rd quarter valued at $322,000. Blue Trust Inc. lifted its position in shares of Hello Group by 472.1% during 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 during the period. Harbour Capital Advisors LLC bought a new position in Hello Group during the third quarter worth $355,000. Finally, SG Americas Securities LLC bought a new position in Hello Group during the third quarter worth $125,000. 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.