Hello Group Inc. (NASDAQ:MOMO – Get Free Report) has earned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.93.
MOMO has been the subject of several research reports. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Benchmark decreased their target price on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group upped their price target on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd.
Check Out Our Latest Analysis on MOMO
Institutional Trading of Hello Group
Hello Group Trading Up 1.7 %
NASDAQ MOMO opened at $7.86 on Tuesday. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a fifty day simple moving average of $6.78 and a two-hundred day simple moving average of $6.28. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.14 billion, a P/E ratio of 7.15, a P/E/G ratio of 1.99 and a beta of 0.54.
Hello Group (NASDAQ:MOMO – Get Free Report) last issued its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $2.13. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Hello Group had a return on equity of 12.09% and a net margin of 12.40%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, analysts forecast that Hello Group will post 0.73 earnings per share for the current year.
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.
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