Hello Group (NASDAQ:MOMO) Rating Lowered to Sell at StockNews.com

Hello Group (NASDAQ:MOMO) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other equities research analysts have also issued reports on the company. Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Benchmark cut their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Jefferies Financial Group raised their target price 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. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.93.

Hello Group Stock Performance

NASDAQ:MOMO opened at $6.68 on Tuesday. The company has a 50-day moving average of $6.99 and a 200-day moving average of $6.52. The firm has a market cap of $967.93 million, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 2.05 and a beta of 0.54. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19.

Hello Group (NASDAQ:MOMO) last issued its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The firm’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Analysts forecast that Hello Group will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hello Group

Hedge funds have recently bought and sold shares of the business. First Beijing Investment Ltd purchased a new position in Hello Group during the 3rd quarter valued at about $30,773,000. Dimensional Fund Advisors LP grew its position in Hello Group by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock valued at $22,736,000 after purchasing an additional 633,746 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new position in Hello Group in the 2nd quarter valued at approximately $22,553,000. Polunin Capital Partners Ltd purchased a new stake in Hello Group in the 2nd quarter worth approximately $4,566,000. Finally, American Century Companies Inc. boosted its stake in shares of Hello Group by 22.6% during the 2nd quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock valued at $4,417,000 after buying an additional 133,113 shares during the period. 50.96% of the stock is owned by hedge funds and other institutional investors.

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.