Hello Group (NASDAQ:MOMO) Price Target Lowered to $15.00 at Benchmark

Hello Group (NASDAQ:MOMOFree Report) had its target price cut by Benchmark from $16.00 to $15.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Hello Group from an equal weight rating to an underweight rating in a research note on Wednesday, May 15th. StockNews.com downgraded Hello Group from a buy rating to a hold rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $10.35.

View Our Latest Report on Hello Group

Hello Group Price Performance

Shares of MOMO opened at $5.34 on Wednesday. The company has a 50 day moving average of $5.88 and a two-hundred day moving average of $6.33. The company has a market cap of $773.04 million, a price-to-earnings ratio of 3.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.67. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. Hello Group has a twelve month low of $4.79 and a twelve month high of $11.12.

Hello Group (NASDAQ:MOMOGet Free Report) last announced its earnings results on Tuesday, May 28th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.48 billion. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. As a group, analysts predict that Hello Group will post 1.13 earnings per share for the current fiscal year.

Hello Group Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 8.97%.

Institutional Trading of Hello Group

Several large investors have recently added to or reduced their stakes in MOMO. Quadrant Capital Group LLC raised its stake in Hello Group by 9.0% during the fourth quarter. Quadrant Capital Group LLC now owns 32,840 shares of the information services provider’s stock worth $228,000 after purchasing an additional 2,712 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Hello Group during the 4th quarter worth approximately $28,000. Principal Financial Group Inc. raised its position in shares of Hello Group by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 79,070 shares of the information services provider’s stock valued at $552,000 after buying an additional 4,199 shares during the period. Platinum Investment Management Ltd. lifted its holdings in Hello Group by 110.0% in the first quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Virtu Financial LLC grew its position in Hello Group by 31.8% in the fourth quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after acquiring an additional 7,581 shares during the period. 50.96% of the stock is currently owned by hedge funds and other institutional investors.

Hello Group Company Profile

(Get Free Report)

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.

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