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

Hello Group (NASDAQ:MOMO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other 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 lowered their price target 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, Jefferies Financial Group increased their price objective 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Hello Group currently has a consensus rating of “Hold” and an average target price of $7.93.

Hello Group Stock Performance

Hello Group stock opened at $6.68 on Tuesday. 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 has a 12 month low of $4.79 and a 12 month high of $8.19. The company has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $6.52. The company has a market cap of $967.93 million, a PE ratio of 6.68, a P/E/G ratio of 2.05 and a beta of 0.54.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, beating 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 business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. Research analysts expect that Hello Group will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after buying an additional 3,196 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hello Group by 105.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock valued at $160,000 after acquiring an additional 10,818 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Hello Group by 19.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider’s stock valued at $415,000 after acquiring an additional 11,013 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Hello Group during the second quarter worth approximately $68,000. Finally, Kathmere Capital Management LLC bought a new stake in Hello Group during the second quarter worth approximately $74,000. 50.96% of the stock is 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.