Hello Group upgraded by Morgan Stanley with a new price target
$MOMO
Computer Software: Prepackaged Software
Technology
Morgan Stanley upgraded Hello Group from Underweight to Equal-Weight and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | Buy → Underperform | BofA Securities | |
| 6/3/2024 | $13.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 5/15/2024 | Equal-Weight → Underweight | Morgan Stanley | |
| 4/28/2023 | $4.80 → $12.50 | Neutral → Buy | UBS |
| 4/14/2023 | $5.00 → $13.00 | Neutral → Overweight | JP Morgan |
| 2/16/2023 | $9.00 → $12.00 | Overweight → Equal-Weight | Morgan Stanley |
| 12/9/2022 | $5.00 → $9.00 | Equal-Weight → Overweight | Morgan Stanley |
| 3/14/2022 | $7.00 | Overweight → Neutral | JP Morgan |
BEIJING, Nov. 11, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. markets open on Monday, December 9, 2024. Hello Group's management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10043397-w4b3f5.html. Upon registration, each participant will rece
BEIJING, Sept. 3, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the second quarter of 2024. Second Quarter of 2024 Highlights Net revenues decreased by 14.2% year over year to RMB2,691.4 million (US$370.3 million*) in the second quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB397.8 million (US$54.7 million) in the second quarter of 2024, from RMB568.4 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB449.2 million (US$61.8 million) in the se
BEIJING, Aug. 15, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Tuesday, September 3, 2024. Hello Group's management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10041441-w8sbhf.html. Upon registration, each participant will rece
SCHEDULE 13G - Hello Group Inc. (0001610601) (Subject)
6-K - Hello Group Inc. (0001610601) (Filer)
6-K - Hello Group Inc. (0001610601) (Filer)
SC 13G - Hello Group Inc. (0001610601) (Subject)
SC 13G/A - Hello Group Inc. (0001610601) (Subject)
SC 13G/A - Hello Group Inc. (0001610601) (Subject)
BEIJING, Nov. 11, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2024 before U.S. markets open on Monday, December 9, 2024. Hello Group's management will host an earnings conference call on Monday, December 9, 2024, at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10043397-w4b3f5.html. Upon registration, each participant will rece
BEIJING, Sept. 3, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) ("Hello Group" or the "Company"), a leading player in mainland China's online social networking space, today announced its unaudited financial results for the second quarter of 2024. Second Quarter of 2024 Highlights Net revenues decreased by 14.2% year over year to RMB2,691.4 million (US$370.3 million*) in the second quarter of 2024.Net income attributable to Hello Group Inc. decreased to RMB397.8 million (US$54.7 million) in the second quarter of 2024, from RMB568.4 million in the same period of 2023.Non-GAAP net income attributable to Hello Group Inc. (note 1) decreased to RMB449.2 million (US$61.8 million) in the se
BEIJING, Aug. 15, 2024 /PRNewswire/ -- Hello Group Inc. (NASDAQ:MOMO) (the "Company"), a leading player in mainland China's online social networking space, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Tuesday, September 3, 2024. Hello Group's management will host an earnings conference call on Tuesday, September 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on the same day). Preregistration Information Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10041441-w8sbhf.html. Upon registration, each participant will rece
BofA Securities downgraded Hello Group from Buy to Underperform
JP Morgan downgraded Hello Group from Overweight to Neutral and set a new price target of $6.00 from $13.00 previously
Morgan Stanley downgraded Hello Group from Equal-Weight to Underweight
Across the recent three months, 4 analysts have shared their insights on Hello Gr (NASDAQ:MOMO), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $10.68, a high estimate of $16.00, and a low estimate of $5.70. A 25.57% drop
JP Morgan analyst Daniel Chen downgrades Hello Gr (NASDAQ:MOMO) from Overweight to Neutral and lowers the price target from $13 to $6.
Key Takeaways: Hello Group’s three years of revenue declines continued in the first quarter and are accelerating as the company faces both internal and external headwinds The dating-app operator said it could soon receive a policy boost, in an apparent reference to China’s recent efforts to raise its tumbling birthrates By Doug Young Has the flame finally gone out in the “Tinder of China”? Investors may be starting to feel that way, after Hello Group Inc. (NASDAQ:MOMO) reported its latest quarterly results that showed nearly all of its key metrics continued to drop in this year’s first quarter, led by accelerating revenue declines for one of China’s oldest dating apps. Investors dum