Hello Group (NASDAQ:MOMO) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Hello Group (NASDAQ:MOMO) from a hold rating to a sell rating in a report published on Tuesday.

Other analysts also recently issued reports about the company. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Benchmark dropped 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. Finally, Jefferies Financial Group upped their price objective on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.93.

Hello Group Stock Performance

MOMO opened at $6.36 on Tuesday. The business has a fifty day simple moving average of $6.99 and a 200 day simple moving average of $6.52. The company has a market capitalization of $921.56 million, a PE ratio of 6.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. Hello Group has a 1 year low of $4.79 and a 1 year high of $8.19.

Hello Group (NASDAQ:MOMO) last released its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $2.13. The firm had revenue of $2.69 billion during 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 revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. Research analysts expect that Hello Group will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Hello Group

Several institutional investors and hedge funds have recently made changes to their positions in MOMO. First Beijing Investment Ltd acquired a new stake in Hello Group during the third quarter worth approximately $30,773,000. Dimensional Fund Advisors LP boosted its holdings in Hello Group by 20.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after acquiring an additional 633,746 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new position in Hello Group in the second quarter worth approximately $22,553,000. Polunin Capital Partners Ltd bought a new position in Hello Group in the second quarter worth approximately $4,566,000. Finally, American Century Companies Inc. boosted its holdings in Hello Group by 22.6% in the second quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock worth $4,417,000 after acquiring an additional 133,113 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Company Profile

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.