Morgan Stanley Lowers Hello Group (NASDAQ:MOMO) to Underweight

Morgan Stanley downgraded shares of Hello Group (NASDAQ:MOMOFree Report) from an equal weight rating to an underweight rating in a research note published on Wednesday, Marketbeat Ratings reports.

Several other brokerages also recently commented on MOMO. Benchmark dropped their price objective on 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 lowered Hello Group from a buy rating to a hold rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $16.00.

View Our Latest Research Report on MOMO

Hello Group Price Performance

Shares of MOMO opened at $6.20 on Wednesday. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.16. The stock has a market cap of $898.38 million, a P/E ratio of 4.49 and a beta of 0.67. The stock’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.42. Hello Group has a 1 year low of $5.30 and a 1 year high of $11.12.

Hello Group (NASDAQ:MOMOGet Free Report) last issued its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. Hello Group had a net margin of 16.27% and a return on equity of 17.23%. On average, equities analysts predict that Hello Group will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

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

Institutional Trading of Hello Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd boosted its position in shares of Hello Group by 294.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,238,483 shares of the information services provider’s stock worth $8,645,000 after buying an additional 924,447 shares during the period. Jupiter Asset Management Ltd. boosted its position in Hello Group by 8.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,085,508 shares of the information services provider’s stock worth $7,577,000 after acquiring an additional 87,000 shares during the last quarter. Invesco Ltd. grew its stake in shares of Hello Group by 1.6% during the 3rd quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider’s stock worth $70,025,000 after acquiring an additional 159,342 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Hello Group in the third quarter valued at approximately $153,000. Finally, SG Americas Securities LLC bought a new stake in shares of Hello Group in the fourth quarter worth $124,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

About Hello Group

(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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