Hello Group (NASDAQ:MOMO) Shares Down 5.9%

Hello Group Inc. (NASDAQ:MOMOGet Rating)’s stock price dropped 5.9% during trading on Friday . The stock traded as low as $5.06 and last traded at $5.06. Approximately 28,129 shares traded hands during trading, a decline of 99% from the average daily volume of 3,212,947 shares. The stock had previously closed at $5.38.

MOMO has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded shares of Hello Group from an “overweight” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research report on Monday, March 14th. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Zacks Investment Research upgraded shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.90.

The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.74 and a current ratio of 3.74. The firm’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $8.26. The stock has a market cap of $871.53 million, a P/E ratio of -2.24 and a beta of 1.25.

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 for the quarter, missing the consensus estimate of $0.17 by ($3.54). The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.62 billion. Hello Group had a negative net margin of 20.41% and a negative return on equity of 21.68%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Analysts predict that Hello Group Inc. will post 0.81 earnings per share for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in MOMO. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Hello Group in the 1st quarter valued at $3,130,000. Geode Capital Management LLC grew its position in Hello Group by 15.6% in the 3rd quarter. Geode Capital Management LLC now owns 958,495 shares of the information services provider’s stock valued at $10,087,000 after purchasing an additional 129,019 shares during the period. Schroder Investment Management Group grew its position in Hello Group by 69.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,041,178 shares of the information services provider’s stock valued at $44,063,000 after purchasing an additional 428,247 shares during the period. Fieldpoint Private Securities LLC grew its position in Hello Group by 90.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 4,355 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 2,070 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Hello Group by 28.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 32,722 shares of the information services provider’s stock valued at $346,000 after purchasing an additional 7,300 shares during the period. Institutional investors own 60.44% of the company’s stock.

Hello Group Company Profile (NASDAQ:MOMO)

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 online parties, mobile karaoke, and user participated reality shows.

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