Hello Group (NASDAQ:MOMO – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Other equities analysts also recently issued reports about the company. TheStreet downgraded Hello Group from a “b-” rating to a “c” rating in a research report on Monday, December 11th. Benchmark reduced their price objective on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.83.
Hello Group Stock Down 3.7 %
Hello Group stock traded down $0.22 during midday trading on Friday, hitting $5.69. 1,605,168 shares of the stock were exchanged, compared to its average volume of 2,144,160. Hello Group has a 1 year low of $5.59 and a 1 year high of $11.12. The firm has a market cap of $1.08 billion, a P/E ratio of 4.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.74 and a quick ratio of 3.72. The company has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $6.76.
Hello Group (NASDAQ:MOMO – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $422.95 million during the quarter, compared to the consensus estimate of $447.28 million. Hello Group had a net margin of 16.27% and a return on equity of 17.23%. On average, sell-side analysts predict that Hello Group will post 1.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MOMO. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Hello Group by 135.8% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 91,567 shares of the information services provider’s stock valued at $510,000 after buying an additional 52,742 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of Hello Group by 62.5% in the first quarter. Advisor Group Holdings Inc. now owns 14,855 shares of the information services provider’s stock valued at $85,000 after buying an additional 5,715 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Hello Group by 47.5% in the first quarter. American Century Companies Inc. now owns 113,804 shares of the information services provider’s stock valued at $658,000 after buying an additional 36,655 shares in the last quarter. US Bancorp DE increased its holdings in shares of Hello Group by 49.6% in the first quarter. US Bancorp DE now owns 8,502 shares of the information services provider’s stock valued at $49,000 after buying an additional 2,819 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Hello Group by 25.7% in the first quarter. BlackRock Inc. now owns 10,989,045 shares of the information services provider’s stock valued at $63,517,000 after buying an additional 2,245,152 shares in the last quarter. Institutional investors own 53.94% 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. 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.