Hello Group (NASDAQ:MOMO) Downgraded by StockNews.com to Sell

Hello Group (NASDAQ:MOMO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Benchmark reduced their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.93.

Hello Group Stock Down 2.3 %

Hello Group stock traded down $0.16 during mid-day trading on Tuesday, reaching $6.68. 626,921 shares of the company’s stock were exchanged, compared to its average volume of 1,694,309. 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 has a twelve month low of $4.79 and a twelve month high of $8.19. The company has a market cap of $967.93 million, a P/E ratio of 6.68, a P/E/G ratio of 2.05 and a beta of 0.54. The company has a fifty day moving average of $6.98 and a 200-day moving average of $6.51.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. Sell-side analysts expect that Hello Group will post 0.73 EPS for the current year.

Institutional Trading of Hello Group

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in Hello Group by 24.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,229 shares of the information services provider’s stock worth $436,000 after acquiring an additional 13,598 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Hello Group by 26.3% in the 1st quarter. Sei Investments Co. now owns 448,013 shares of the information services provider’s stock valued at $2,782,000 after purchasing an additional 93,238 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Hello Group by 9.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 458,550 shares of the information services provider’s stock valued at $2,889,000 after purchasing an additional 40,566 shares during the period. Cetera Advisors LLC purchased a new position in Hello Group during the 1st quarter worth approximately $355,000. Finally, Kathmere Capital Management LLC purchased a new position in Hello Group during the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors 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. 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.