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

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given an average recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.93.

Several research firms have recently issued reports on MOMO. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark reduced their target price on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Citigroup reduced their target price on Hello Group from $6.40 to $5.70 and set a “neutral” rating on the stock in a report on Wednesday, May 29th. Jefferies Financial Group lifted their target price on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley cut Hello Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, May 15th.

Hello Group Stock Performance

Hello Group stock opened at $6.38 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a fifty day moving average of $6.61 and a two-hundred day moving average of $6.23. The company has a market capitalization of $924.46 million, a price-to-earnings ratio of 5.80, a PEG ratio of 1.98 and a beta of 0.53. Hello Group has a fifty-two week low of $4.79 and a fifty-two week high of $7.89.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $2.13. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue was down 14.2% on a year-over-year basis. On average, analysts anticipate that Hello Group will post 0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of Hello Group by 9.0% during the fourth quarter. Quadrant Capital Group LLC now owns 32,840 shares of the information services provider’s stock worth $228,000 after acquiring an additional 2,712 shares during the last quarter. Platinum Investment Management Ltd. increased its position 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 worth $56,000 after acquiring an additional 4,700 shares during the last quarter. Virtu Financial LLC increased its position in shares of Hello Group by 31.8% during the fourth quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after acquiring an additional 7,581 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Hello Group by 19.4% during the second 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 last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hello Group during the second quarter worth about $68,000. Institutional investors and hedge funds 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.