Hello Group Inc. (NASDAQ:MOMO) Receives $7.93 Average Target Price from Analysts

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) has earned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.93.

Several research analysts recently commented on the company. Benchmark lowered their target price on Hello Group from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. 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. Finally, StockNews.com raised Hello Group from a "sell" rating to a "hold" rating in a research note on Wednesday, September 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Hello Group by 26.4% during the 1st quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider's stock worth $45,781,000 after acquiring an additional 1,538,632 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hello Group by 20.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider's stock valued at $22,736,000 after purchasing an additional 633,746 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of Hello Group in the 2nd quarter valued at about $22,553,000. LSV Asset Management lifted its holdings in shares of Hello Group by 33.5% in the 1st quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider's stock valued at $14,144,000 after purchasing an additional 571,840 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Hello Group by 994.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider's stock valued at $10,043,000 after purchasing an additional 1,469,500 shares during the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Trading Up 1.0 %

NASDAQ:MOMO traded up $0.07 on Friday, reaching $6.89. The company's stock had a trading volume of 384,282 shares, compared to its average volume of 1,765,781. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17. The firm has a market cap of $998.36 million, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. The stock has a 50 day moving average price of $6.86 and a 200 day moving average price of $6.36.

Hello Group (NASDAQ:MOMO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $2.13. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The company's quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. On average, equities analysts anticipate that Hello Group will post 0.73 EPS for the current fiscal year.

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.