Hello Group (NASDAQ:MOMO - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, June 5th. Analysts expect Hello Group to post earnings of $0.24 per share and revenue of $2.42 billion for the quarter.
Hello Group Price Performance
Shares of MOMO stock traded up $0.04 during mid-day trading on Monday, hitting $6.11. The company had a trading volume of 375,379 shares, compared to its average volume of 1,219,713. Hello Group has a 52-week low of $5.12 and a 52-week high of $8.38. The stock's 50 day moving average price is $5.89 and its 200-day moving average price is $6.75. The company has a market capitalization of $736.18 million, a P/E ratio of 6.30, a P/E/G ratio of 2.07 and a beta of 0.24.
Hello Group Cuts Dividend
The business also recently announced an annual dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a dividend of $0.30 per share. The ex-dividend date was Friday, April 11th. This represents a dividend yield of 4.18%.
Hedge Funds Weigh In On Hello Group
A hedge fund recently raised its stake in Hello Group stock. Goldman Sachs Group Inc. raised its holdings in shares of Hello Group Inc. (NASDAQ:MOMO - Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,127,428 shares of the information services provider's stock after purchasing an additional 546,048 shares during the quarter. Goldman Sachs Group Inc. owned 6.75% of Hello Group worth $51,284,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 50.96% of the company's stock.
Analyst Ratings Changes
MOMO has been the subject of a number of research reports. Benchmark restated a "buy" rating and set a $13.00 target price on shares of Hello Group in a research report on Thursday, March 13th. Wall Street Zen lowered shares of Hello Group from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.25.
Check Out Our Latest Stock Report on Hello Group
About Hello Group
(
Get Free Report)
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.
Further Reading
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