Analysts Set Hello Group Inc. (NASDAQ:MOMO) PT at $7.93

Hello Group Inc. (NASDAQ:MOMO) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.93.

Several brokerages have recently weighed in on MOMO. 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. StockNews.com downgraded Hello Group from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, September 3rd.

Hello Group Price Performance

Hello Group stock opened at $6.36 on Wednesday. The stock has a market capitalization of $921.56 million, a P/E ratio of 6.36, a P/E/G ratio of 2.04 and a beta of 0.54. Hello Group has a 12-month low of $4.79 and a 12-month 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’s 50-day moving average is $6.99 and its two-hundred day moving average is $6.52.

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

Institutional Investors Weigh In On Hello Group

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its position in Hello Group by 472.1% in the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 3,196 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Hello Group during the 2nd quarter valued at $68,000. Kathmere Capital Management LLC purchased a new stake in Hello Group during the 2nd quarter worth $74,000. Vanguard Personalized Indexing Management LLC acquired a new position in Hello Group in the 2nd quarter worth $87,000. Finally, SG Americas Securities LLC purchased a new position in Hello Group in the 3rd quarter valued at about $125,000. 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.