Hello Group (NASDAQ:MOMO) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Hello Group (NASDAQ:MOMO) posted its quarterly earnings results on Wednesday. The information services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14), Zacks reports. Hello Group had a return on equity of 11.41% and a net margin of 11.98%.

Hello Group Stock Down 10.2 %

Hello Group stock opened at $6.66 on Wednesday. The stock has a market cap of $965.17 million, a P/E ratio of 6.95, a P/E/G ratio of 2.07 and a beta of 0.44. Hello Group has a 12 month low of $4.79 and a 12 month high of $8.38. The company’s fifty day simple moving average is $7.39 and its 200-day simple moving average is $7.11.

Wall Street Analysts Forecast Growth

MOMO has been the topic of several research analyst reports. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup raised their price objective on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Hello Group currently has an average rating of “Hold” and a consensus target price of $8.25.

Hello Group Company Profile

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.