In yesterday’s Wall Street session, Hello Group Inc. (NASDAQ:MOMO) shares traded at $6.79, up 29.33% from the previous session.
As of this writing, 14 analysts cover Hello Group Inc. (NASDAQ:MOMO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $137.98 and a low of $34.56, we find $52.84. Given the previous closing price of $5.25, this indicates a potential upside of 906.48 percent. MOMO stock price is now 34.35% away from the 50-day moving average and 29.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
There are 5 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $59.34 as their price target over the next twelve months.
With the price target maintained at $7, JP Morgan recently Downgraded its rating from Overweight to Neutral for Hello Group Inc. (NASDAQ: MOMO). On December 01, 2021, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $13.60, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
A total of 5.33% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MOMO stock. A new stake in Hello Group Inc. shares was purchased by POLUNIN CAPITAL PARTNERS LTD during the first quarter worth $5,076,000. BNP PARIBAS ARBITRAGE, SNC invested $3,656,000 in shares of MOMO during the first quarter. In the first quarter, CAUSEWAY CAPITAL MANAGEMENT LLC acquired a new stake in Hello Group Inc. valued at approximately $2,885,000. PRUDENTIAL FINANCIAL INC acquired a new stake in MOMO for approximately $646,000. COUNTERPOINT MUTUAL FUNDS LLC purchased a new stake in MOMO valued at around $360,000 in the second quarter. In total, there are 255 active investors with 67.30% ownership of the company’s stock.
Thursday morning saw Hello Group Inc. (NASDAQ: MOMO) opened at $5.96. During the past 12 months, Hello Group Inc. has had a low of $3.96 and a high of $9.69. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 5.70, and a quick ratio of 5.70. The fifty day moving average price for MOMO is $5.05 and a two-hundred day moving average price translates $5.37 for the stock.
The latest earnings results from Hello Group Inc. (NASDAQ: MOMO) was released for Jun, 2022. According to the Internet Content & Information Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.24 by 0.07. This compares to $0.32 EPS in the same period last year. The net profit margin was -23.40% and return on equity was -28.00% for MOMO. The company reported revenue of $464.37 million for the quarter, compared to $568.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.34 percent. For the current quarter, analysts expect MOMO to generate $436.18M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/29/2022. Investors who held shares on 04/13/2022 were paid a $0.64 dividend.
Hello Group Inc.(MOMO) Company Profile
Hello Group Inc. provides mobile-based social and entertainment services in the People’s Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company’s Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke, and user participated reality shows. It also operates Tantan, a social and dating application, which enables users to find and establish romantic connections, and meet interesting people; and provides live video, quick chat, value-added, mobile marketing, and other services, as well as mobile games and audio chatrooms. In addition, it allows its platform’s users to livestream a variety of content and activities that comprise talent shows, such as singing, dancing, and talk shows, as well as casual chatting, and other forms of interactions between broadcasters and viewers. The company was formerly known as Momo Inc. and changed its name to Hello Group Inc. in August 2021. Hello Group Inc. was incorporated in 2011 and is headquartered in Beijing, the People’s Republic of China.