Hello Group (NASDAQ:MOMO) Reaches New 52-Week Low at $5.09

Shares of Hello Group Inc. (NASDAQ:MOMOGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.09 and last traded at $5.20, with a volume of 1103336 shares. The stock had previously closed at $5.52.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MOMO. Citigroup dropped their price target on Hello Group from $6.40 to $5.70 and set a “neutral” rating for the company in a research note on Wednesday. Benchmark decreased their price objective on Hello Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com downgraded Hello Group from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Morgan Stanley downgraded Hello Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.35.

Check Out Our Latest Stock Report on Hello Group

Hello Group Stock Performance

The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $6.33. The firm has a market cap of $773.04 million, a P/E ratio of 4.85, a P/E/G ratio of 0.96 and a beta of 0.67.

Hello Group (NASDAQ:MOMOGet Free Report) last issued its quarterly earnings results on Tuesday, May 28th. The information services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Hello Group had a return on equity of 13.51% and a net margin of 13.38%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company earned $0.28 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts predict that Hello Group Inc. will post 1.13 EPS for the current fiscal year.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, April 11th. This represents a dividend yield of 8.97%.

Hedge Funds Weigh In On Hello Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in shares of 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 valued at $228,000 after acquiring an additional 2,712 shares in the last quarter. Headlands Technologies LLC bought a new stake in Hello Group in the 4th quarter worth about $28,000. Principal Financial Group Inc. increased its holdings in Hello Group by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 79,070 shares of the information services provider’s stock worth $552,000 after buying an additional 4,199 shares in the last quarter. Platinum Investment Management Ltd. increased its holdings in Hello Group by 110.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock worth $56,000 after buying an additional 4,700 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Hello Group by 31.8% in the 4th quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after buying an additional 7,581 shares in the last quarter. 50.96% of the stock is currently owned by 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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