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

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus rating of “Moderate Buy” by the three brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.25.

A number of equities analysts recently issued reports on the company. Benchmark lowered their price target on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a report on Friday, March 15th. StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd.

Hello Group Stock Performance

Shares of Hello Group stock opened at $5.45 on Friday. Hello Group has a one year low of $5.30 and a one year high of $11.12. The company has a market cap of $1.02 billion, a PE ratio of 3.95 and a beta of 0.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.72 and a current ratio of 3.74. The business has a 50-day simple moving average of $6.30 and a 200-day simple moving average of $6.60.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings results 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 business had revenue of $422.95 million during 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 research analysts forecast that Hello Group will post 1.46 EPS for the current fiscal year.

Hello Group Cuts Dividend

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

Institutional Trading of Hello Group

Large investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd boosted its stake 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 valued at $8,645,000 after acquiring an additional 924,447 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Hello Group by 8.7% during the third quarter. Jupiter Asset Management Ltd. now owns 1,085,508 shares of the information services provider’s stock worth $7,577,000 after buying an additional 87,000 shares during the period. Invesco Ltd. lifted its position in Hello Group by 1.6% during the third quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider’s stock worth $70,025,000 after buying an additional 159,342 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Hello Group in the 3rd quarter worth about $153,000. Finally, Acadian Asset Management LLC raised its holdings in shares of Hello Group by 3.5% in the 3rd quarter. Acadian Asset Management LLC now owns 5,839,157 shares of the information services provider’s stock worth $40,721,000 after purchasing an additional 199,128 shares during the period. Institutional investors and hedge funds own 50.96% of the company’s stock.

About Hello Group

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.