The stock of Hello Group Inc. (NASDAQ:MOMO) last traded at $10.82, up 5.36% from the previous session.
Data from the available sources indicates that Hello Group Inc. (NASDAQ:MOMO) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $156.56 and a low of $58.43, we find $77.72. Given the previous closing price of $10.27, this indicates a potential upside of 656.77 percent. MOMO stock price is now 19.67% away from the 50-day moving average and 43.35% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.
In total, 4 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $83.54 as their price target over the next twelve months.
With the price target enhanced from $4.80 to $12.50, UBS Upgraded its rating from Neutral to Buy for Hello Group Inc. (NASDAQ: MOMO).
A total of 5.67% 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 ACADIAN ASSET MANAGEMENT LLC during the first quarter worth $16,229,000. LSV ASSET MANAGEMENT invested $8,309,000 in shares of MOMO during the first quarter. In the first quarter, GAM HOLDING AG acquired a new stake in Hello Group Inc. valued at approximately $5,410,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in MOMO for approximately $4,766,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in MOMO valued at around $4,379,000 in the second quarter. In total, there are 226 active investors with 70.20% ownership of the company’s stock.
With an opening price of $10.35 on Thursday morning, Hello Group Inc. (NASDAQ: MOMO) set off the trading day. During the past 12 months, Hello Group Inc. has had a low of $3.74 and a high of $10.54. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.20, and a quick ratio of 2.20. According to the stock market information, the enterprise value for the company is $909.22M, which is based on a 10.33 price-to-earnings ratio, a 7.03 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for MOMO is $9.09 and a two-hundred day moving average price translates $8.07 for the stock.
The latest earnings results from Hello Group Inc. (NASDAQ: MOMO) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.27 by 0.06. This compares to $0.22 EPS in the same period last year. The net profit margin was 12.80% and return on equity was 15.00% for MOMO. The company reported revenue of $410.46 million for the quarter, compared to $496.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.35 percent. For the current quarter, analysts expect MOMO to generate $421.45M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/22/2023. Investors who held shares on 04/28/2023 were paid a $0.72 dividend.
Hello Group Inc.(MOMO) Company Profile
Hello Group Inc. provides mobile-based social and entertainment services in the People’s Republic of China. 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. The company also provides livestream services for various content and activities comprising talent shows, such as singing, dancing, and talk shows, as well as casual chatting, and other forms of interactions between broadcasters and viewers to its platform’s users; value-added services; advertising and marketing services; and mobile games. 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.
