Hello Group (NASDAQ:MOMO) Reaches New 1-Year Low at $5.57

Hello Group Inc. (NASDAQ:MOMO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.57 and last traded at $5.60, with a volume of 248444 shares. The stock had previously closed at $6.08.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MOMO. Benchmark reduced their price target on Hello Group from $22.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, March 15th. StockNews.com downgraded Hello Group from a "buy" rating to a "hold" rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.83.

Hello Group Price Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 4.01 and a beta of 0.68. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $6.32 and a 200 day moving average of $6.63.

Hello Group (NASDAQ:MOMO - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a net margin of 16.27% and a return on equity of 17.23%. The firm had revenue of $422.95 million during the quarter, compared to analyst estimates of $447.28 million. Equities research analysts predict that Hello Group Inc. will post 1.46 EPS for the current fiscal year.

Hello Group Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be paid a $0.52 dividend. This represents a dividend yield of 8.97%. The ex-dividend date is Thursday, April 11th.

Institutional Trading of Hello Group

Several hedge funds and other institutional investors have recently modified their holdings of MOMO. Headlands Technologies LLC acquired a new stake in shares of Hello Group in the 4th quarter valued at about $28,000. Point72 Asset Management L.P. grew its holdings in shares of Hello Group by 254.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,012 shares of the information services provider's stock valued at $29,000 after acquiring an additional 2,163 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Hello Group in the 1st quarter valued at about $32,000. US Bancorp DE grew its holdings in shares of Hello Group by 49.6% in the 1st quarter. US Bancorp DE now owns 8,502 shares of the information services provider's stock valued at $49,000 after acquiring an additional 2,819 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Hello Group by 103.0% in the 3rd quarter. Lazard Asset Management LLC now owns 7,041 shares of the information services provider's stock valued at $49,000 after acquiring an additional 3,573 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company's stock.

Hello Group 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.