Hello Group Sees Unusually High Options Volume (NASDAQ:MOMO)

Hello Group Inc. (NASDAQ:MOMOGet Free Report) was the target of unusually large options trading on Tuesday. Stock investors acquired 4,838 put options on the stock. This is an increase of 390% compared to the typical daily volume of 988 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley downgraded Hello Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, May 15th. Benchmark dropped their target price on shares of Hello Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Citigroup cut their price target on shares of Hello Group from $6.40 to $5.70 and set a “neutral” rating on the stock in a report on Wednesday, May 29th. JPMorgan Chase & Co. downgraded shares of Hello Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $6.00 in a research note on Monday, June 3rd. Finally, StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Hello Group presently has an average rating of “Hold” and an average price target of $8.90.

Check Out Our Latest Research Report on Hello Group

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC grew its position in shares of Hello Group by 7.7% during the third quarter. Penserra Capital Management LLC now owns 142,214 shares of the information services provider’s stock worth $992,000 after buying an additional 10,206 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of Hello Group in the 3rd quarter valued at about $144,000. SG Americas Securities LLC bought a new position in shares of Hello Group during the fourth quarter worth about $124,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Hello Group by 9.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,129 shares of the information services provider’s stock worth $779,000 after purchasing an additional 9,812 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new position in Hello Group in the fourth quarter worth about $131,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Performance

Hello Group stock opened at $6.61 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.36 and a current ratio of 2.36. Hello Group has a one year low of $4.79 and a one year high of $11.12. The stock’s 50 day moving average price is $5.89 and its 200 day moving average price is $6.13. The firm has a market capitalization of $957.06 million, a PE ratio of 6.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.51.

Hello Group (NASDAQ:MOMOGet Free Report) last posted its earnings results on Tuesday, May 28th. The information services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Hello Group had a net margin of 13.38% and a return on equity of 13.61%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Hello Group will post 0.98 EPS for the current fiscal year.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, April 11th. This represents a dividend yield of 8.97%.

Hello Group Company Profile

(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.

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