Brokerages Set Hello Group Inc. (NASDAQ:MOMO) Target Price at $13.83

Shares of Hello Group Inc. (NASDAQ:MOMOGet Free Report) have been assigned an average rating of “Moderate Buy” from the four analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.83.

MOMO has been the topic of a number of analyst reports. TheStreet downgraded Hello Group from a “b-” rating to a “c” rating in a research note on Monday, December 11th. Benchmark cut their target price on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 15th. Finally, StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Friday.

Get Our Latest Stock Analysis on MOMO

Hello Group Trading Down 2.2 %

MOMO stock opened at $5.91 on Tuesday. Hello Group has a 1-year low of $5.59 and a 1-year high of $11.12. The firm has a market cap of $1.12 billion, a P/E ratio of 4.28 and a beta of 0.70. The business’s 50 day moving average is $6.33 and its 200-day moving average is $6.78. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16.

Hello Group (NASDAQ:MOMOGet Free Report) last announced its earnings results on Thursday, March 14th. The information services provider reported $0.33 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 during the quarter, compared to analyst estimates of $447.28 million. Equities analysts anticipate that Hello Group will post 1.46 earnings per share for the current fiscal year.

Hello Group Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 8.97%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Hello Group by 135.8% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 91,567 shares of the information services provider’s stock worth $510,000 after buying an additional 52,742 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Hello Group by 62.5% during the first quarter. Advisor Group Holdings Inc. now owns 14,855 shares of the information services provider’s stock worth $85,000 after purchasing an additional 5,715 shares during the period. American Century Companies Inc. lifted its holdings in shares of Hello Group by 47.5% during the first quarter. American Century Companies Inc. now owns 113,804 shares of the information services provider’s stock worth $658,000 after purchasing an additional 36,655 shares during the period. US Bancorp DE lifted its holdings 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 purchasing an additional 2,819 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Hello Group by 25.7% during the first quarter. BlackRock Inc. now owns 10,989,045 shares of the information services provider’s stock worth $63,517,000 after purchasing an additional 2,245,152 shares during the period. 53.94% of the stock is owned by institutional investors.

About Hello Group

(Get Free Report

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.

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