Hello Group (NASDAQ:MOMO) Upgraded by StockNews.com to Hold

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

Several other research analysts also recently issued reports on MOMO. Citigroup dropped their price objective on shares of Hello Group from $6.40 to $5.70 and set a neutral rating on the stock in a report on Wednesday, May 29th. JPMorgan Chase & Co. cut Hello Group from an overweight rating to a neutral rating and cut their price target for the company from $13.00 to $6.00 in a report on Monday, June 3rd. Jefferies Financial Group lifted their price objective on Hello Group from $6.50 to $7.00 and gave the stock a buy rating in a report on Tuesday. Morgan Stanley cut Hello Group from an equal weight rating to an underweight rating in a research report on Wednesday, May 15th. Finally, Benchmark reduced their target price on Hello Group from $15.00 to $13.00 and set a buy rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $7.93.

Hello Group Stock Performance

MOMO opened at $6.20 on Wednesday. The firm has a market capitalization of $898.37 million, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51. The stock’s 50 day moving average price is $6.60 and its two-hundred day moving average price is $6.23. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.17. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.45.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts forecast that Hello Group will post 0.75 earnings per share for the current year.

Institutional Trading of Hello Group

Large investors have recently bought and sold shares of the stock. Platinum Investment Management Ltd. lifted its holdings in shares of Hello Group by 110.0% during the first quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 4,700 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Hello Group during the 2nd quarter worth about $68,000. Kathmere Capital Management LLC bought a new position in Hello Group during the 2nd quarter valued at about $74,000. D Orazio & Associates Inc. acquired a new position in Hello Group in the fourth quarter valued at about $79,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Hello Group during the second quarter worth about $87,000. 50.96% of the stock is currently owned by 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.