Hello Group Inc. (NASDAQ:MOMO) Receives $13.83 Consensus Price Target from Brokerages

Shares of Hello Group Inc. (NASDAQ:MOMO) have earned an average rating of “Moderate Buy” from the three research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.25.

Several equities analysts have commented on the stock. Benchmark dropped their price target 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. StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd.

Institutional Investors Weigh In On Hello Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOMO. Headlands Technologies LLC acquired a new position in shares of Hello Group in the 4th quarter valued at $28,000. Point72 Asset Management L.P. increased its stake in Hello Group by 254.8% in the second quarter. Point72 Asset Management L.P. now owns 3,012 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 2,163 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Hello Group in the first quarter valued at about $32,000. US Bancorp DE boosted its stake in shares of Hello Group by 49.6% during the first quarter. US Bancorp DE now owns 8,502 shares of the information services provider’s stock worth $49,000 after buying an additional 2,819 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Hello Group by 103.0% during the third quarter. Lazard Asset Management LLC now owns 7,041 shares of the information services provider’s stock worth $49,000 after buying an additional 3,573 shares during the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Performance

Shares of MOMO stock opened at $5.59 on Friday. Hello Group has a 12 month low of $5.30 and a 12 month high of $11.12. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.05 billion, a P/E ratio of 4.05 and a beta of 0.68. The firm has a fifty day moving average price of $6.26 and a 200 day moving average price of $6.57.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a return on equity of 17.23% and a net margin of 16.27%. The business had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. Sell-side analysts predict that Hello Group will post 1.46 earnings per share for the current fiscal year.

Hello Group Cuts Dividend

The company 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 dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 8.97%.

Hello Group Company Profile

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.