Hello Group Inc. provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke, and user participated reality shows. It also operates Tantan, a social and dating application, which enables users to find and establish romantic connections, and meet interesting people; and provides live video, quick chat, value-added, mobile marketing, and other services, as well as mobile games and audio chatrooms. In addition, it allows its platform's users to livestream a variety of content and activities that comprise talent shows, such as singing, dancing, and talk shows, as well as casual chatting, and other forms of interactions between broadcasters and viewers. 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.
Hello Group Price Performance
MOMO Stock traded down $0.07 during midday trading on Friday, hitting $4.48. The company's stock had a trading volume of 905,018 shares, compared to its average volume of 2,929,782. Hello Group has a 12 month low of $4.14 and a 12 month high of $13.99. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $708.62 million, a price-to-earnings ratio of -1.80 and a beta of 1.14. The company has a 50 day moving average of $4.83 and a two-hundred day moving average of $6.12.
Hello Group (NASDAQ:MOMO - Get Rating) last posted its quarterly earnings results on Tuesday, June 7th. The information services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. Hello Group had a negative return on equity of 24.64% and a negative net margin of 21.82%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. On average, analysts expect that Hello Group will post 0.67 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. China Renaissance upgraded Hello Group from a "hold" rating to a "buy" rating in a research note on Wednesday, June 15th. TheStreet downgraded Hello Group from a "c" rating to a "d" rating in a research note on Monday, June 13th. Benchmark cut their price objective on Hello Group from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, June 8th. Citigroup cut their price objective on Hello Group from $8.10 to $7.00 and set a "neutral" rating for the company in a research note on Wednesday, June 8th. Finally, StockNews.com upgraded Hello Group from a "sell" rating to a "hold" rating in a research note on Monday, May 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $11.75.