Hello Group (NASDAQ:MOMO) Announces Quarterly Earnings Results

by · The Markets Daily

Hello Group (NASDAQ:MOMO – Get Free Report) released its quarterly earnings data on Tuesday. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07, FiscalAI reports. Hello Group had a net margin of 7.75% and a return on equity of 7.51%. The company had revenue of $346.06 million during the quarter, compared to the consensus estimate of $340.87 million.

Hello Group Stock Performance

Shares of NASDAQ:MOMO opened at $6.13 on Tuesday. The stock has a market capitalization of $659.40 million, a price-to-earnings ratio of 9.15 and a beta of 0.46. Hello Group has a 1-year low of $5.68 and a 1-year high of $9.22. The company’s fifty day moving average is $6.08 and its two-hundred day moving average is $6.45.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were issued a dividend of $0.28 per share. This represents a dividend yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hello Group presently has an average rating of “Reduce” and an average price target of $8.10.

Read Our Latest Report on MOMO

Institutional Trading of Hello Group

A number of large investors have recently modified their holdings of MOMO. Goldman Sachs Group Inc. increased its holdings in shares of Hello Group by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,127,428 shares of the information services provider’s stock worth $51,284,000 after acquiring an additional 546,048 shares during the period. Geode Capital Management LLC lifted its position in shares of Hello Group by 4.1% in the second quarter. Geode Capital Management LLC now owns 279,901 shares of the information services provider’s stock worth $2,362,000 after purchasing an additional 10,944 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hello Group by 111.0% in the second quarter. JPMorgan Chase & Co. now owns 315,918 shares of the information services provider’s stock worth $2,666,000 after purchasing an additional 166,227 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Hello Group by 31.7% in the second quarter. Legal & General Group Plc now owns 39,861 shares of the information services provider’s stock worth $336,000 after purchasing an additional 9,597 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Hello Group by 231.1% in the second quarter. Hsbc Holdings PLC now owns 38,864 shares of the information services provider’s stock worth $329,000 after acquiring an additional 27,125 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Company Profile

(Get Free Report)

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.

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