Hello Group (NASDAQ:MOMO) Stock Price Down 5.4% – What’s Next?

Hello Group Inc. (NASDAQ:MOMO) shares fell 5.4% during mid-day trading on Thursday . The company traded as low as $6.49 and last traded at $6.50. 264,623 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,791,657 shares. The stock had previously closed at $6.87.

Wall Street Analyst Weigh In

MOMO has been the topic of several recent analyst reports. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Benchmark dropped their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group lifted their target price on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.93.

Hello Group Stock Up 4.0 %

The firm has a 50-day moving average price of $6.86 and a two-hundred day moving average price of $6.33. The company has a market capitalization of $980.97 million, a P/E ratio of 6.15, a PEG ratio of 2.25 and a beta of 0.54. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17.

Hello Group (NASDAQ:MOMO) last released its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $0.25 by $2.13. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was down 14.2% on a year-over-year basis. Equities research analysts anticipate that Hello Group Inc. will post 0.73 EPS for the current fiscal year.

Institutional Trading of Hello Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOMO. Goldman Sachs Group Inc. boosted its stake in Hello Group by 14.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider’s stock valued at $29,711,000 after buying an additional 555,602 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in Hello Group during the 2nd quarter valued at $22,553,000. Jupiter Asset Management Ltd. raised its position in Hello Group by 994.2% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock valued at $10,043,000 after purchasing an additional 1,469,500 shares during the last quarter. Sei Investments Co. boosted its stake in Hello Group by 26.3% in the first quarter. Sei Investments Co. now owns 448,013 shares of the information services provider’s stock worth $2,782,000 after purchasing an additional 93,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hello Group by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after purchasing an additional 633,746 shares during the last quarter. Institutional investors own 50.96% of the company’s stock.

Hello Group Company Profile

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.