Benchmark Trims Hello Group (NASDAQ:MOMO) Target Price to $16.00

Hello Group (NASDAQ:MOMO) had its price objective cut by Benchmark from $22.00 to $16.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the information services provider’s stock.

MOMO has been the topic of several other research reports. StockNews.com upgraded Hello Group from a hold rating to a buy rating in a research note on Thursday. TheStreet cut Hello Group from a b- rating to a c rating in a research note on Monday, December 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $13.83.

Hello Group Stock Down 2.0 %

NASDAQ MOMO traded down $0.12 during trading on Friday, hitting $5.85. The stock had a trading volume of 3,915,810 shares, compared to its average volume of 2,088,696. The company has a market capitalization of $1.11 billion, a PE ratio of 4.24 and a beta of 0.70. The company’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.72 and a current ratio of 3.72. Hello Group has a 12 month low of $5.59 and a 12 month high of $11.12.

Hello Group (NASDAQ:MOMO) last released its earnings results on Thursday, March 14th. The information services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $422.95 million during the quarter, compared to the consensus estimate of $447.28 million. Hello Group had a net margin of 16.27% and a return on equity of 17.59%. As a group, sell-side analysts forecast that Hello Group will post 1.46 EPS for the current year.

Hello Group Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOMO. Headlands Technologies LLC acquired a new position in Hello Group in the 4th quarter valued at $28,000. Point72 Asset Management L.P. grew its holdings in shares of Hello Group by 254.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,012 shares of the information services provider’s stock worth $29,000 after purchasing an additional 2,163 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Hello Group during the 1st quarter worth $32,000. US Bancorp DE grew its holdings in shares of Hello Group by 49.6% during the 1st quarter. US Bancorp DE now owns 8,502 shares of the information services provider’s stock worth $49,000 after purchasing 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% during the 3rd quarter. Lazard Asset Management LLC now owns 7,041 shares of the information services provider’s stock worth $49,000 after purchasing an additional 3,573 shares in the last quarter. 53.94% of the stock is owned by institutional investors and hedge funds.

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.