Hello Group (NASDAQ:MOMO) Stock Rating Upgraded by StockNews.com

Hello Group (NASDAQ:MOMO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. Jefferies Financial Group boosted their target price on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Benchmark cut their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.93.

Hello Group Trading Up 5.1 %

Shares of NASDAQ MOMO opened at $6.64 on Wednesday. Hello Group has a 1-year low of $4.79 and a 1-year high of $8.19. The business has a fifty day moving average price of $7.00 and a 200 day moving average price of $6.53. The stock has a market capitalization of $962.14 million, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $0.25 by $2.13. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The company’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. Equities research analysts expect that Hello Group will post 0.73 EPS for the current fiscal year.

Institutional Trading of Hello Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of Hello Group in the second quarter worth $22,553,000. Dimensional Fund Advisors LP grew its position in Hello Group by 20.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after purchasing an additional 633,746 shares during the period. Blue Trust Inc. grew its position in Hello Group by 472.1% during the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after purchasing an additional 3,196 shares during the period. American Century Companies Inc. raised 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 last quarter. Finally, Caxton Associates LP acquired a new position in shares of Hello Group in the 2nd quarter valued at about $2,628,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

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.