Hello Group (NASDAQ:MOMO) Reaches New 52-Week Low at $5.57

Hello Group Inc. (NASDAQ:MOMO)’s share price reached a new 52-week low on Thursday . The stock traded as low as $5.57 and last traded at $5.60, with a volume of 248444 shares. The stock had previously closed at $6.08.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOMO. StockNews.com lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Benchmark lowered their price objective on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.83.

Hello Group Stock Performance

The firm has a market cap of $993.96 million, a price-to-earnings ratio of 3.84 and a beta of 0.68. The stock’s 50 day moving average is $6.31 and its 200 day moving average is $6.62. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Hello Group had a net margin of 16.27% and a return on equity of 17.23%. The company had revenue of $422.95 million during the quarter, compared to analyst estimates of $447.28 million. Analysts anticipate that Hello Group Inc. will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.52 dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 8.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd grew its stake in Hello Group by 294.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,238,483 shares of the information services provider’s stock valued at $8,645,000 after buying an additional 924,447 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Hello Group by 8.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,508 shares of the information services provider’s stock valued at $7,577,000 after purchasing an additional 87,000 shares during the period. Invesco Ltd. boosted its holdings in Hello Group by 1.6% in the 3rd quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider’s stock valued at $70,025,000 after purchasing an additional 159,342 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Hello Group in the 3rd quarter valued at about $153,000. Finally, Acadian Asset Management LLC boosted its holdings in Hello Group by 3.5% in the 3rd quarter. Acadian Asset Management LLC now owns 5,839,157 shares of the information services provider’s stock valued at $40,721,000 after purchasing an additional 199,128 shares during the period. 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. 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.