Hello Group (NASDAQ:MOMO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hello Group (NASDAQ:MOMO) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

MOMO has been the topic of a number of other reports. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Benchmark reduced their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group upped 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.93.

Hello Group Trading Up 5.1 %

MOMO opened at $6.64 on Wednesday. Hello Group has a fifty-two week low of $4.79 and a fifty-two week 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 firm has a market capitalization of $962.14 million, a price-to-earnings ratio of 6.32, a PEG ratio of 1.98 and a beta of 0.54. The company’s 50 day moving average price is $7.00 and its two-hundred day moving average price is $6.53.

Hello Group (NASDAQ:MOMO) last posted 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. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. As a group, research analysts predict that Hello Group will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MOMO. Cetera Advisors LLC bought a new position in Hello Group during the first quarter worth $355,000. Kathmere Capital Management LLC acquired a new position in Hello Group during the second quarter worth $74,000. Polunin Capital Partners Ltd acquired a new position in Hello Group during the second quarter worth $4,566,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Hello Group by 19.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider’s stock worth $415,000 after buying an additional 11,013 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in Hello Group by 856.7% during the second quarter. Headlands Technologies LLC now owns 45,049 shares of the information services provider’s stock worth $276,000 after buying an additional 40,340 shares during the last quarter. 50.96% of the stock is owned by institutional investors.

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.