Hello Group (NASDAQ:MOMO) Issues Earnings Results

Hello Group (NASDAQ:MOMOGet Free Report) announced its earnings results on Tuesday. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07, FiscalAI reports. The company had revenue of $346.06 million during the quarter, compared to analysts’ expectations of $340.87 million. Hello Group had a net margin of 7.75% and a return on equity of 7.51%.

Hello Group Price Performance

Shares of NASDAQ MOMO opened at $6.13 on Tuesday. The company has a market cap of $659.40 million, a PE ratio of 9.15 and a beta of 0.46. Hello Group has a 12 month low of $5.68 and a 12 month high of $9.22. The company has a 50-day simple moving average of $6.08 and a 200-day simple moving average of $6.45.

Hello Group Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $8.10.

View Our Latest Research Report on MOMO

Hedge Funds Weigh In On Hello Group

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd boosted its holdings in shares of Hello Group by 243.2% in the 4th quarter. XTX Topco Ltd now owns 288,913 shares of the information services provider’s stock valued at $1,892,000 after purchasing an additional 204,719 shares during the last quarter. Verdad Advisers LP acquired a new position in shares of Hello Group in the 4th quarter valued at $715,000. Numerai GP LLC acquired a new position in shares of Hello Group in the 4th quarter valued at $720,000. Engineers Gate Manager LP acquired a new position in shares of Hello Group in the 4th quarter valued at $179,000. Finally, Capitolis Liquid Global Markets LLC acquired a new position in shares of Hello Group in the 4th quarter valued at $3,128,000. 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.

See Also

Earnings History for Hello Group (NASDAQ:MOMO)

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