Analysts Set Hello Group Inc. (NASDAQ:MOMO) Target Price at $7.93

Hello Group Inc. (NASDAQ:MOMO) has been given an average recommendation of “Hold” by the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.93.

Several research firms have recently weighed in on MOMO. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Benchmark lowered their price target on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group lifted their target price on Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd.

Hello Group Price Performance

Shares of NASDAQ MOMO opened at $7.10 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.55 and a quick ratio of 2.55. The business has a 50-day moving average of $6.88 and a 200-day moving average of $6.40. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 2.16 and a beta of 0.54. Hello Group has a fifty-two week low of $4.79 and a fifty-two week high of $8.19.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $2.13. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was down 14.2% on a year-over-year basis. As a group, sell-side analysts predict that Hello Group will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after acquiring an additional 3,196 shares during the period. Platinum Investment Management Ltd. lifted its position in shares of Hello Group by 110.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after acquiring an additional 4,700 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Hello Group during the 2nd quarter valued at $68,000. Kathmere Capital Management LLC acquired a new stake in shares of Hello Group during the 2nd quarter worth $74,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Hello Group in the second quarter worth $87,000. 50.96% of the stock is owned by institutional investors and hedge funds.

About Hello Group

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.