The price of Hello Group Inc. (NASDAQ:MOMO) shares last traded on Wall Street fell -4.00% to $9.85.
Based on available information, 12 analysts follow 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 $156.56 and a low of $58.43, we find $75.87. Given the previous closing price of $10.26, this indicates a potential upside of 639.47 percent. MOMO stock price is now 3.92% away from the 50-day moving average and 25.46% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
Among analysts, 4 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $83.73 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 $14,774,000. LSV ASSET MANAGEMENT invested $7,564,000 in shares of MOMO during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Hello Group Inc. valued at approximately $4,339,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in MOMO for approximately $3,986,000. SCHRODER INVESTMENT MANAGEMENT GROUP purchased a new stake in MOMO valued at around $3,394,000 in the second quarter. In total, there are 231 active investors with 70.20% ownership of the company’s stock.
A candlestick chart of Hello Group Inc. (NASDAQ: MOMO) showed a price of $10.18 on Thursday morning. During the past 12 months, Hello Group Inc. has had a low of $3.74 and a high of $10.89. 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 $719.88M, which is based on a 9.31 price-to-earnings ratio, a 6.33 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for MOMO is $9.48 and a two-hundred day moving average price translates $8.35 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 $425.81M 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.
