StockNews.com Upgrades Hello Group (NASDAQ:MOMO) to “Hold”

StockNews.com upgraded shares of Hello Group (NASDAQ:MOMOGet Rating) from a sell rating to a hold rating in a research report sent to investors on Monday.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Hello Group from an overweight rating to a neutral rating and set a $7.00 price objective for the company. in a research note on Monday, March 14th. Zacks Investment Research cut shares of Hello Group from a hold rating to a strong sell rating in a research report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Hello Group presently has an average rating of Hold and a consensus target price of $11.90.

Hello Group stock opened at $5.28 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.23 and a current ratio of 3.74. Hello Group has a 1 year low of $4.14 and a 1 year high of $16.33. The firm has a 50 day moving average price of $6.50 and a 200 day moving average price of $9.21. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -2.20 and a beta of 1.39.

Hello Group (NASDAQ:MOMOGet Rating) last released its quarterly earnings data on Thursday, March 24th. The information services provider reported ($3.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($3.54). Hello Group had a negative return on equity of 21.68% and a negative net margin of 20.41%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Hello Group’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict that Hello Group will post 0.86 EPS for the current year.

The business also recently declared a — dividend, which was paid on Friday, April 29th. Investors of record on Wednesday, April 13th were issued a $0.62 dividend. The ex-dividend date was Tuesday, April 12th.

A number of institutional investors and hedge funds have recently bought and sold shares of MOMO. Parallel Advisors LLC raised its holdings in Hello Group by 93.7% in the fourth quarter. Parallel Advisors LLC now owns 3,094 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 1,497 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in Hello Group by 90.6% in the third quarter. Fieldpoint Private Securities LLC now owns 4,355 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Signaturefd LLC raised its holdings in Hello Group by 86.6% in the first quarter. Signaturefd LLC now owns 14,268 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 6,623 shares in the last quarter. Greenleaf Trust acquired a new stake in Hello Group in the first quarter valued at $211,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Hello Group by 28.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 32,722 shares of the information services provider’s stock worth $346,000 after purchasing an additional 7,300 shares during the period. 60.44% of the stock is currently owned by hedge funds and other institutional investors.

About Hello Group (Get Rating)

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as live chats and mobile karaoke experience.

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