Hello Group Inc. (NASDAQ:MOMO) Short Interest Update

Hello Group Inc. (NASDAQ:MOMOGet Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 3,570,000 shares, a drop of 22.4% from the April 15th total of 4,600,000 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 2,240,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Hello Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Hello Group by 1.6% during the 3rd quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider’s stock worth $70,025,000 after acquiring an additional 159,342 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Hello Group by 26.4% during the 1st quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider’s stock worth $45,781,000 after acquiring an additional 1,538,632 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Hello Group by 14.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider’s stock worth $29,711,000 after acquiring an additional 555,602 shares during the last quarter. LSV Asset Management boosted its stake in shares of Hello Group by 33.5% during the 1st quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider’s stock worth $14,144,000 after acquiring an additional 571,840 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Hello Group by 994.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock worth $10,043,000 after acquiring an additional 1,469,500 shares during the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Benchmark reduced their price target on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

View Our Latest Report on MOMO

Hello Group Stock Down 0.5 %

Shares of MOMO traded down $0.03 on Friday, hitting $6.05. 841,807 shares of the stock traded hands, compared to its average volume of 1,553,582. Hello Group has a one year low of $5.30 and a one year high of $11.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.74 and a current ratio of 3.74. The business has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $6.45. The company has a market capitalization of $876.65 million, a PE ratio of 4.38 and a beta of 0.67.

Hello Group (NASDAQ:MOMOGet Free Report) last issued its earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Hello Group had a return on equity of 17.23% and a net margin of 16.27%. The company had revenue of $422.95 million during the quarter, compared to analysts’ expectations of $447.28 million. As a group, equities analysts forecast that Hello Group will post 1.46 earnings per share for the current fiscal year.

Hello Group Cuts Dividend

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

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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