Hello Group (NASDAQ:MOMO) Stock Price Down 5.4% - Time to Sell?

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) shares traded down 5.4% during trading on Thursday . The company traded as low as $6.49 and last traded at $6.50. 264,623 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,791,657 shares. The stock had previously closed at $6.87.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Hello Group from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. 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 note on Wednesday, September 4th. Finally, StockNews.com upgraded Hello Group from a "sell" rating to a "hold" rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Hello Group presently has an average rating of "Hold" and an average price target of $7.93.

Hello Group Trading Down 5.2 %

The firm has a market cap of $943.29 million, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54. The stock has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $6.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.55 and a current ratio of 2.55.

Hello Group (NASDAQ:MOMO - Get Free Report) last posted its 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. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.39 EPS. On average, research analysts expect that Hello Group Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Trading of Hello Group

Several large investors have recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in shares of Hello Group in the third quarter worth $355,000. SG Americas Securities LLC bought a new stake in shares of Hello Group in the third quarter worth $125,000. BRIGHT VALLEY CAPITAL Ltd bought a new stake in Hello Group during the second quarter valued at about $22,553,000. B. Riley Wealth Advisors Inc. bought a new stake in Hello Group during the second quarter valued at about $68,000. Finally, Kathmere Capital Management LLC bought a new stake in Hello Group during the second quarter valued at about $74,000. 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.