Hello Group (NASDAQ:MOMO) Shares Down 3.5% – Time to Sell?

Hello Group Inc. (NASDAQ:MOMO)’s share price traded down 3.5% during trading on Friday . The stock traded as low as $6.32 and last traded at $6.33. 472,046 shares changed hands during trading, a decline of 72% from the average session volume of 1,681,096 shares. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Hello Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Benchmark cut their price objective on 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 lifted their price objective on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.93.

Hello Group Trading Down 3.0 %

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 stock has a market capitalization of $921.56 million, a price-to-earnings ratio of 6.32, a PEG ratio of 2.04 and a beta of 0.54. The business has a 50 day simple moving average of $6.99 and a 200-day simple moving average of $6.52.

Hello Group (NASDAQ:MOMO) last posted its earnings results on Tuesday, September 3rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $2.13. The firm 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 company’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Hello Group Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Hello Group

A number of institutional investors have recently modified their holdings of MOMO. First Beijing Investment Ltd bought a new stake in shares of Hello Group in the third quarter valued at about $30,773,000. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of Hello Group in the second quarter valued at about $22,553,000. Polunin Capital Partners Ltd bought a new stake in shares of Hello Group in the second quarter valued at about $4,566,000. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 633,746 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in Hello Group during the second quarter valued at approximately $2,628,000. 50.96% of the stock is currently owned by institutional investors.

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.