Hello Group Inc. (NASDAQ:MOMO) Receives $7.93 Average Target Price from Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.93.

MOMO has been the subject of several research reports. StockNews.com downgraded shares of Hello Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Jefferies Financial Group raised their price target on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Benchmark reduced their price objective 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, Bank of America cut shares of Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th.

Hello Group Stock Performance

Shares of Hello Group stock opened at $6.36 on Wednesday. The business’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $6.52. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17. The firm has a market cap of $921.56 million, a PE ratio of 6.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.19.

Hello Group (NASDAQ:MOMO) last posted its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $2.13. The company had revenue of $2.69 billion for 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%. Hello Group’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities analysts forecast that Hello Group will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Hello Group

A number of hedge funds have recently modified their holdings of the business. First Beijing Investment Ltd acquired a new stake in Hello Group during the 3rd quarter worth approximately $30,773,000. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Hello Group during the 2nd quarter worth approximately $22,553,000. Polunin Capital Partners Ltd purchased a new position in Hello Group in the 2nd quarter valued at about $4,566,000. Dimensional Fund Advisors LP boosted 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 worth $22,736,000 after acquiring an additional 633,746 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Hello Group in the second quarter valued at $2,628,000. 50.96% of the stock is currently owned by hedge funds and other 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.