Hello Group (NASDAQ:MOMO) Raised to Hold at StockNews.com

Hello Group (NASDAQ:MOMO - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group raised their price objective 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. Bank of America cut Hello Group from a "buy" rating to an "underperform" rating in a research note on Wednesday, November 6th. Finally, Benchmark lowered their price objective on Hello Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.93.

Hello Group Trading Down 2.3 %

Shares of NASDAQ MOMO opened at $6.32 on Wednesday. The stock has a fifty day simple moving average of $7.00 and a 200-day simple moving average of $6.53. The stock has a market capitalization of $915.77 million, a PE ratio of 6.32, a PEG ratio of 1.98 and a beta of 0.54. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19.

Hello Group (NASDAQ:MOMO - Get Free Report) last released its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The business's quarterly revenue was down 14.2% compared to the same quarter last year. On average, equities analysts forecast that Hello Group will post 0.73 earnings per share for the current year.

Institutional Trading of Hello Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC acquired a new position in Hello Group in the first quarter valued at $355,000. Kathmere Capital Management LLC acquired a new position in Hello Group in the 2nd quarter valued at about $74,000. Polunin Capital Partners Ltd purchased a new stake in Hello Group during the 2nd quarter valued at approximately $4,566,000. Patriot Financial Group Insurance Agency LLC lifted its position in Hello Group by 19.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider's stock worth $415,000 after acquiring an additional 11,013 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Hello Group by 856.7% in the 2nd quarter. Headlands Technologies LLC now owns 45,049 shares of the information services provider's stock valued at $276,000 after purchasing an additional 40,340 shares during the last quarter. Hedge funds and other institutional investors own 50.96% of the company's stock.

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.