Hello Group (NASDAQ:MOMO) Posts Quarterly Earnings Results

Hello Group (NASDAQ:MOMO) issued its quarterly earnings data on Wednesday. The information services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14), Zacks reports. Hello Group had a return on equity of 11.41% and a net margin of 11.98%.

Hello Group Trading Down 4.9 %

Shares of MOMO stock traded down $0.37 during mid-day trading on Wednesday, reaching $7.05. The stock had a trading volume of 2,076,944 shares, compared to its average volume of 975,901. The company has a market cap of $1.02 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.38. The business has a 50-day simple moving average of $7.39 and a 200 day simple moving average of $7.11.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MOMO. Citigroup lifted their target price on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Hello Group Company Profile

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.