Hello Group (NASDAQ:MOMO) Upgraded at StockNews.com

Hello Group (NASDAQ:MOMO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

MOMO has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Bank of America cut shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Finally, Benchmark dropped their target price on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Hello Group presently has a consensus rating of “Hold” and an average target price of $7.93.

Hello Group Trading Up 5.1 %

Shares of Hello Group stock opened at $6.64 on Wednesday. The firm has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $6.53. 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 has a fifty-two week low of $4.79 and a fifty-two week high of $8.19. The company has a market cap of $962.14 million, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. The company 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%. Hello Group’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Hello Group will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOMO. Cetera Advisors LLC purchased a new position in shares of Hello Group in the first quarter worth about $355,000. Kathmere Capital Management LLC purchased a new position in Hello Group in the 2nd quarter worth approximately $74,000. Polunin Capital Partners Ltd acquired a new position in shares of Hello Group during the 2nd quarter worth approximately $4,566,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Hello Group by 19.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 67,812 shares of the information services provider’s stock valued at $415,000 after purchasing an additional 11,013 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Hello Group by 856.7% in the second 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.