Hello Group (NASDAQ:MOMO) Trading Up 3.8%

Hello Group Inc. (NASDAQ:MOMO - Get Free Report)'s stock price traded up 3.8% during mid-day trading on Monday . The stock traded as high as $5.50 and last traded at $5.50. 814,245 shares were traded during trading, a decline of 62% from the average session volume of 2,170,091 shares. The stock had previously closed at $5.30.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com lowered Hello Group from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. Benchmark dropped their price target on Hello Group from $22.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.25.

Hello Group Stock Up 2.8 %

The company has a quick ratio of 3.72, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.02 billion, a PE ratio of 3.95 and a beta of 0.68. The business has a 50 day moving average price of $6.30 and a 200 day moving average price of $6.60.

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

Hello Group Cuts Dividend

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

Hedge Funds Weigh In On Hello Group

A number of large investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd grew its holdings in Hello Group by 294.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,238,483 shares of the information services provider's stock valued at $8,645,000 after purchasing an additional 924,447 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Hello Group by 8.7% in the third quarter. Jupiter Asset Management Ltd. now owns 1,085,508 shares of the information services provider's stock valued at $7,577,000 after purchasing an additional 87,000 shares during the period. Invesco Ltd. grew its holdings in Hello Group by 1.6% in the third quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider's stock valued at $70,025,000 after purchasing an additional 159,342 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Hello Group in the third quarter valued at approximately $153,000. Finally, Acadian Asset Management LLC grew its holdings in Hello Group by 3.5% in the third quarter. Acadian Asset Management LLC now owns 5,839,157 shares of the information services provider's stock valued at $40,721,000 after purchasing an additional 199,128 shares during the period. 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.