Wall Street Analyst Downgrade Hello Group Inc. [MOMO]. What else is Wall St. saying

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Hello Group Inc. [NASDAQ: MOMO] traded at a high on 05/12/22, posting a 5.31 gain after which it closed the day’ session at $4.76. The company report on April 27, 2022 that Hello Group Files Annual Report on Form 20-F for Fiscal Year 2021.

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Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading mobile social and entertainment platform in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2021. The annual report can be accessed on the Company’s investor relations website at https://ir.hellogroup.com/ or on the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s Investors Relations Department via email at ir@hellogroup.com or by mail at 20th Floor, Block B, Tower 2, Wangjing SOHO, No. 1 Futongdong Street, Chaoyang District, Beijing 100102, People’s Republic of China.

The results of the trading session contributed to over 3446916 shares changing hands. Over the past one week, the price volatility of Hello Group Inc. stands at 8.75% while the volatility over the past one month is 7.69%.

The market cap for MOMO stock reached $984.27 million, with 197.29 million shares outstanding and 76.93 million shares in the current float. Compared to the average trading volume of 4.06M shares, MOMO reached a trading volume of 3446916 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Hello Group Inc. [MOMO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOMO shares is $12.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MOMO stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Hello Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $18 to $13.60. The new note on the price target was released on December 01, 2021, representing the official price target for Hello Group Inc. stock. Previously, the target price had yet another raise to $13, while Morgan Stanley analysts kept a Equal-Weight rating on MOMO stock.

The Average True Range (ATR) for Hello Group Inc. is set at 0.41, with the Price to Sales ratio for MOMO stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 6.13. Price to Free Cash Flow for MOMO in the course of the last twelve months was 4.47 with Quick ratio for the last quarter at 3.70.

How has MOMO stock performed recently?

Hello Group Inc. [MOMO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.85. With this latest performance, MOMO shares dropped by -6.30% in over the last four-week period, additionally sinking by -58.25% over the last 6 months – not to mention a drop of -60.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOMO stock in for the last two-week period is set at 44.51, with the RSI for the last a single of trading hit 43.78, and the three-weeks RSI is set at 41.51 for Hello Group Inc. [MOMO]. The present Moving Average for the last 50 days of trading for this stock 5.90, while it was recorded at 4.83 for the last single week of trading, and 9.83 for the last 200 days.

Hello Group Inc. [MOMO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hello Group Inc. [MOMO] shares currently have an operating margin of +12.57 and a Gross Margin at +41.80. Hello Group Inc.’s Net Margin is presently recorded at -19.99.

Return on Equity for this stock declined to -23.30, with Return on Assets sitting at -14.14.

Hello Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.70.

Earnings analysis for Hello Group Inc. [MOMO]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MOMO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hello Group Inc. go to -0.20%.

Insider trade positions for Hello Group Inc. [MOMO]

There are presently around $454 million, or 71.20% of MOMO stock, in the hands of institutional investors. The top three institutional holders of MOMO stocks are: BLACKROCK INC. with ownership of 10,989,045, which is approximately 25.677% of the company’s market cap and around 3.23% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 10,291,698 shares of the stock with an approximate value of $46.52 million in MOMO stocks shares; and INVESCO LTD., currently with $45.22 million in MOMO stock with ownership of nearly 2.745% of the company’s market capitalization.

Positions in Hello Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Hello Group Inc. [NASDAQ:MOMO] by around 15,433,957 shares. Additionally, 106 investors decreased positions by around 14,368,938 shares, while 29 investors held positions by with 70,678,774 shares. The mentioned changes placed institutional holdings at 100,481,669 shares, according to the latest SEC report filing. MOMO stock had 28 new institutional investments in for a total of 6,192,900 shares, while 44 institutional investors sold positions of 5,650,956 shares during the same period.