La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Hello Gr a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Hello Gr..

Hello Gr (NASDAQ:MOMO) Azioni, Catena delle Opzioni

Hello Gr

Hello Group Inc provides mobile-based social networking services. It enables users to establish and expand social relationships based on location and interests. Its platform includes the Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers, and platform partners. The company derives its revenue from live video services, value-added services, mobile marketing services, mobile games, and other services. It operates in three segments: Momo's service lines, Tantan's service lines, and QOOL's service lines out of which Momo's service lines segment derives the majority of revenue.

Momo

Hello Group Inc. - American Depositary Shares

Hello Group Inc

HELLO GROUP ADR

<h3 class="wp-block-heading">China Brings Out The Big Guns&nbsp;</h3>
As ZeroHedge reported on Thursday, &#8220;<a href="https://www.zerohedge.com/markets/chinas-bazooka-moment-arrives-here-are-3-most-important-message-xis-shock-and-awe-politburo">China&#8217;s Bazooka Moment</a>&#8221; has arrived. China&#8217;s expanded stimulus measures include:&nbsp;
<ul>
<li>A September politburo meeting focused on economic measures. According to&nbsp;Goldman strategist Lu Sun, economics is rarely the focus of a September meeting, so this is extraordinary.&nbsp;</li>
<li>China issuing&nbsp;¥2 trillion in government bonds (equivalent to 1.7% of its GDP), with half of those proceeds earmarked for consumption-related subsidies.&nbsp;</li>
<li>China injecting&nbsp;¥1 trillion into state-owned backs to boost their Tier-1 capital.&nbsp;</li>
</ul>
In light of that, here are four bets on China we&#8217;ve placed in the Portfolio Armor trading Substack, starting with a brief update on the one I mentioned here earlier this week.&nbsp;
<h3 class="wp-block-heading">Four Trades That Could Benefit From China&#8217;s Bazooka Moment</h3>
Qifu Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>). This is essentially the Chinese version of Lending Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>). Our trade here was buying the $25 strike calls on QFIN expiring on January 17th for $2. Those were trading for $4.70 as of Thursday&#8217;s close, so you might want to go a little further out of the money if you are buying now. 
<figure class="wp-block-image size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-chinese-fintech"><img loading="lazy" decoding="async" width="833" height="732" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231452/Trade-Alert-1.jpg" alt="" class="wp-image-1515" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231452/Trade-Alert-1.jpg 833w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231452/Trade-Alert-1-300x264.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231452/Trade-Alert-1-768x675.jpg 768w" sizes="(max-width: 833px) 100vw, 833px" /></a></figure>
X Financial&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>). Like QFIN, X offers a peer-to-peer lending platform in China, but X also offers other consumer financial products such as insurance. We bought the underlying shares on this one at $3.95 earlier this year. It closed at $5.45 on Thursday, but probably still has more room to run with the stimulus tailwind.&nbsp;
<figure class="wp-block-image size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-china-update"><img loading="lazy" decoding="async" width="826" height="775" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231700/Trade-Alert-2.jpg" alt="" class="wp-image-1516" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231700/Trade-Alert-2.jpg 826w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231700/Trade-Alert-2-300x281.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26231700/Trade-Alert-2-768x721.jpg 768w" sizes="(max-width: 826px) 100vw, 826px" /></a></figure>
Hello Group Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>). This is a profitable Chinese social media company, which includes a dating app similar to those of&nbsp;America&#8217;s Match Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>).&nbsp;It also has non-dating apps related to karaoke, etc. This might be the deepest value of the names mentioned here so far, as it currently trades at 0.83x tangible book. Our trade here was buying the $7 strike calls expiring on January 17th for $0.70. Those were trading at $0.85 as of Thursday&#8217;s close.&nbsp;
<figure class="wp-block-image size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-top-names-aee"><img loading="lazy" decoding="async" width="833" height="736" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232014/Trade-Alert-3.jpg" alt="" class="wp-image-1517" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232014/Trade-Alert-3.jpg 833w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232014/Trade-Alert-3-300x265.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232014/Trade-Alert-3-768x679.jpg 768w" sizes="(max-width: 833px) 100vw, 833px" /></a></figure>
PDD Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>). This Chinese company combines elements of America&#8217;s&nbsp;Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;Groupon, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>). Our trade here was buying a $140-$145 call spread expiring on December 20th for $1.60. As of Thursday&#8217;s close, the midpoint on that spread was $1.10. To be honest, I had mentally written off this trade after the company&#8217;s weak guidance last quarter, but it spiked 13.57% on Thursday. Despite that, it still looks cheap, with a valuation rating of 9 (out of 10) according to&nbsp;<a href="https://www.chartmill.com/stock/quote/PDD/fundamental-analysis?a=221937">Chartmill</a>.&nbsp;

<figure class="wp-block-image size-full is-resized"><a href="https://portfolioarmor.substack.com/p/trade-alert-when-others-are-fearful"><img loading="lazy" decoding="async" width="828" height="730" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232300/PDD.jpg" alt="" class="wp-image-1518" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232300/PDD.jpg 828w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232300/PDD-300x264.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232300/PDD-768x677.jpg 768w" sizes="(max-width: 828px) 100vw, 828px" /></a></figure>
<h3 class="wp-block-heading">What Happens When The Effects Of China&#8217;s Stimulus End? </h3>
Each of those names should benefit at least as long as the tailwind from China&#8217;s stimulus measures lasts.&nbsp;
If you think ZeroHedge&#8217;s prediction below is correct, consider exiting after PDD&#8217;s earnings in two months.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The half-life of this intervention will be 2-3 months, then markets will realize China is not stimulating demand. Then we see new decade lows, then China goes all in with $2TN+ fiscal bazooka <a href="https://t.co/hmCFY1dV7I">https://t.co/hmCFY1dV7I</a>
&mdash; zerohedge (@zerohedge) <a href="https://twitter.com/zerohedge/status/1838560366667714912?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232450/Widget-3.jpg" alt="" class="wp-image-1519" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232450/Widget-3.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/09/26232450/Widget-3-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>
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Asia

Markets

Trading Ideas

General

AMZN

GRPN

MOMO

MTCH

Citigourp Global Markets 2% Protected Notes Linked To The Djia

QFIN

Betting On China As It Brings Out The Big Guns

Benchmark analyst Fawne Jiang maintains Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) with a Buy and lowers the price target from $15 to $13.

News

Price Target

Analyst Ratings

Benchmark Maintains Buy on Hello Gr, Lowers Price Target to $13

Hello Group Inc. Sponsored ADR (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.04, delivering a surprise of -87.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Momo, which belongs to the Zacks Internet - Software industry, posted revenues of $370.35 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $432.71 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Momo shares have lost about 4.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 18.4%.
<h2>What&#39;s Next for Momo?</h2>
While Momo has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Momo: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $368.73 million in revenues for the coming quarter and $0.92 on $1.46 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Samsara Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iot#NYSE">IOT</a>), is yet to report results for the quarter ended July 2024. The results are expected to be released on September 5.
This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Samsara Inc.&#39;s revenues are expected to be $289.35 million, up 32% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2330675/hello-group-inc-sponsored-adr-momo-beats-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2330675">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Large Cap

Social Media

Small Cap

Tech

Hello Group Inc. Sponsored ADR Beats Q2 Earnings and Revenue Estimates

Business Outlook
For the third&nbsp;quarter of 2024, the Company expects total net revenues to be between RMB2.58 billion to RMB2.68 billion, representing a decrease of 15.2% to 11.9% year over year. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Guidance

Hello Group Expects Q3 Revenue Of RMB2.58B-RMB2.68B Vs $RMB2.67B Est

Hello Gr Q2 Adj EPADS $0.33 Beats $0.28 Estimate, Sales $370.35M Miss $376.30M Estimate

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) to report quarterly earnings at 28 cents per share on revenue of $372.52 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Hello Group shares fell 0.6% to $6.60 in after-hours trading.</li>
<li>Analysts expect Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) to post quarterly earnings at 69 cents per share on revenue of $567.93 million. The company will release earnings after the markets close. Zscaler shares gained 0.1% to $200.00 in after-hours trading.</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) shares rose in Friday's after-hours trading after the company announced a $10 million loan through a Facility Agreement with Hanmi Pharmaceutical Co. Aptose shares jumped 69.3% to $0.6874 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, HealthEquity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) is projected to post quarterly earnings at 70 cents per share on revenue of $284.87 million. HealthEquity shares fell 0.6% to $79.10 in the after-hours trading session.</li>
<li>Analysts expect Sportsman&#8217;s Warehouse Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) to report a quarterly loss at 9 cents per share on revenue of $285.03 million after the closing bell. Sportsman&#8217;s Warehouse shares fell 1% to $2.08 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40666406/top-2-real-estate-stocks-that-could-blast-off-this-quarter">Top 2 Real Estate Stocks That Could Blast Off This Quarter</a></li>
</ul>
Image generated using AI tools

Pre-Market Outlook

APTO

SPWH

Hello Group, Zscaler And 3 Stocks To Watch Heading Into Tuesday

Arlo Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arlo#NYSE">ARLO</a>) shares rallied 19.7% in the last trading session to close at $16.52. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 4.7% gain over the past four weeks.
Arlo is benefiting from its AI-powered subscription service surpassing 4 million paid accounts, reflecting the value consumers place on its subscription plans and service business.
This maker of smart connected devices is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $124.75 million, up 8.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Arlo Technologies, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ARLO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy).
Arlo Technologies is a member of the Zacks Internet - Software industry. One other stock in the same industry, Hello Group Inc. Sponsored ADR (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>), finished the last trading session 7.9% higher at $6.61. MOMO has returned 8.5% over the past month.
Momo&#39;s consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.40. Compared to the company&#39;s year-ago EPS, this represents a change of -7%. Momo currently boasts a Zacks Rank of #5 (Strong Sell).
<a href="https://www.zacks.com/stock/news/2299298/arlo-technologies-arlo-surges-19-7-is-this-an-indication-of-further-gains?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2299298">To read this article on Zacks.com click here.</a>

ARLO

Arlo Technologies Surges 19.7%: Is This an Indication of Further Gains?

Across the recent three months, 4 analysts have shared their insights on Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>), 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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 is evident in the current average compared to the previous average price target of $14.35. 
<img src="https://www.benzinga.com/files/images/story/2024/1717423244_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Hello Gr by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Daniel Chen</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Hillman Chan</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.70</td>
<td>$6.40</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$16.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Hello Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Hello Gr compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Hello Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Hello Gr's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MOMO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hello Gr analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Hello Gr</h2>
Hello Group Inc provides mobile-based social networking services. It enables users to establish and expand social relationships based on location and interests. Its platform includes the Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers, and platform partners. The company derives its revenue from live video services, value-added services, mobile marketing services, mobile games, and other services. It operates in three segments: Momo's service lines, Tantan's service lines, and QOOL's service lines out of which Momo's service lines segment derives the majority of revenue.
<h3>Financial Milestones: Hello Gr's Journey</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Hello Gr's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -9.17% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: Hello Gr's net margin excels beyond industry benchmarks, reaching 0.2%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Hello Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.05%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Hello Gr's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.03% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Hello Gr's debt-to-equity ratio is below the industry average at 0.33, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 4 Analyst Ratings For Hello Gr

JP Morgan analyst Daniel Chen downgrades Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) from Overweight to Neutral and lowers the price target from $13 to $6.

Downgrades

JP Morgan Downgrades Hello Gr to Neutral, Lowers Price Target to $6

<h4>Key Takeaways:</h4>
<ul>
<li>Hello Group&rsquo;s three years of revenue declines continued in the first quarter and are accelerating as the company faces both internal and external headwinds</li>
<li>The dating-app operator said it could soon receive a policy boost, in an apparent reference to China&rsquo;s recent efforts to raise its tumbling birthrates</li>
</ul>
By Doug Young
Has the flame finally gone out in the &ldquo;Tinder of China&rdquo;?
Investors may be starting to feel that way, after&nbsp;Hello Group Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) reported its latest quarterly results that showed nearly all of its key metrics continued to drop in this year&rsquo;s first quarter, led by accelerating revenue declines for one of China&rsquo;s oldest dating apps.
Investors dumped the stock to the tune of a 14% decline on Tuesday after the company&rsquo;s&nbsp;<a href="https://www.prnewswire.com/news-releases/hello-group-inc-announces-unaudited-financial-results-for-the-first-quarter-of-2024-302156503.html">latest results announcement</a>, sending it to a one-and-a-half year low. The shares rebounded somewhat the next day, reflecting the love-hate relationship investors have with this company, which is still a cash cow due to its status as the leader in China&rsquo;s huge dating market.
Notably, Hello Group&rsquo;s stock has been left behind in the recent rally for U.S.-listed Chinese shares that has lifted the iShares MSCI China ETF (MCHI.US) more than 20% from a low in late January, as investors become bullish on the group after more than two years of neglect.
Woes at the company, whose revenue has been in continuous decline since 2019, owe at least partly to factors beyond its control. Three years of tough pandemic restrictions dampened the mood for dating among the many young users of the company&rsquo;s apps, including its industry-leading Momo. Since the pandemic&rsquo;s end, weak consumer sentiment has continued to dampen demand as China&rsquo;s economy slows sharply after a three-decade boom.
Last, but certainly not least, growing numbers of Chinese are simply not interested in dating or marriage these days &ndash; a reality that shows up in the country&rsquo;s plunging birth rates.
With so many macro factors working against it, it&rsquo;s not too surprising that Hello Group is having difficulty finding and keeping an audience. Added to that are company-specific factors, most notably Hello Group&rsquo;s disastrous purchase of its other major app, Tantan, back in 2018. Once billed as a key future growth driver, Tantan quickly became just the opposite and has been sinking fast ever since. Hello Group was also tripped up by regulatory issues in 2019 when its popular livestreaming service came under government scrutiny for containing pornography.
The company has tried to escape the turbulence in its home China market by expanding abroad. Its global expansion, most notably to Turkey and the Middle East, has been one of the few positive notes in its most recent reports. Most of that has come from Hello Group&rsquo;s new apps, with names like Duidui, Hertz and Soulchill.
Revenue from those new apps, which are mostly focused on overseas markets, grew 51% in the first quarter to 344 million yuan ($47.5 million), accounting for 13% of the company&rsquo;s total revenue for the period, it said on its first-quarter earnings call. That increase contrasted sharply with the Hello Group&rsquo;s overall revenue, which contracted 9.2% year-on-year to 2.56 billion yuan from 2.82 billion yuan a year earlier.
The latest revenue decline rate marked an acceleration from the last two quarters, when the figure dipped by around 6%. Making matters worse, the company forecast its revenue would fall about 14% in the second quarter, representing a further acceleration of the decline rate.
<h3>Investor Turnoff</h3>
Despite all the gloom, Hello Group continues to be quite profitable, partly due to its market-leading position and also its strict cost controls. The company&rsquo;s costs and expenses fell 12% year-on-year in the first quarter, outpacing its revenue decline rate. As a result, its operating income rose 5.5% during the quarter to 460 million yuan.
The company&rsquo;s bottom line wasn&rsquo;t so pretty, with its net income plunging to just 5.2 million yuan in the latest quarter from 390 million yuan a year earlier. But most of that was due to a one-time tax expense in the latest quarter, company officials explained on the earnings call. Excluding that, the company&rsquo;s non-GAAP net income, which typically excludes stock-based employee compensation, would have risen 8% to 508.5 million yuan.
That combination of relatively high profits and sinking investor confidence has been quite toxic for Hello Group&rsquo;s valuation, with the stock currently trading at a price-to-earnings (P/E) ratio of just 4.9. That&rsquo;s less than half the 13 for&nbsp;Match Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtch#NASDAQ">MTCH</a>), owner of Tinder, and shows just how out of love investors have fallen with Hello Group.
Despite all the gloom, there were still a few slightly encouraging signs in Hello Group&rsquo;s latest report. We&rsquo;ve already mentioned the global expansion, which is rapidly becoming an important new engine to this otherwise growth-challenged company.
Another intriguing boost could be coming on the policy front, as China worries about its plunging birthrates and aging population. The nation has begun rolling out a wide range of incentives for people to get married and have more children, and Hello Group hinted that such measures could ultimately benefit the company.
&ldquo;We&rsquo;re seeing some positive policy changes at the top,&rdquo; said CFO Peng Hui on the call, without elaborating. &ldquo;However, how effectively and quickly those policy changes will get filtered down into the consumer behavior in general, and more specifically into user spending on our platform, that, at this point, it&rsquo;s &ndash; I think it&rsquo;s still too early to tell. We&rsquo;ll see as the year progresses.&rdquo;
Like many other tech companies, Hello Group is also experimenting with artificial intelligence to draw users to its apps. As an example, officials said on the call that the company is experimenting with AI that can &ldquo;suggest ice-breaking topics to users by analyzing the image and text information on the potential (dating) candidate&rsquo;s profile page.&rdquo;
There wasn&rsquo;t any talk of AI-generated virtual soulmates, though perhaps that&rsquo;s somewhere down the road.
Analysts don&rsquo;t see any fast turnaround for Hello Group&rsquo;s sinking revenue, forecasting the figure will drop 11% this year before finally returning to a growth track in 2025. They have actually become more bullish on the company&rsquo;s depressed stock lately, with 15 out of 16 surveyed by Yahoo Finance in May rating it a &ldquo;buy&rdquo; or &ldquo;strong buy,&rdquo; up from just 8 who gave it similarly strong ratings of 14 surveyed in April. Perhaps that shows that sentiment may be turning back in favor of this wallflower company as it struggles to find some love from investors.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Hello Group Still Looking For Investor Love As Revenue Declines Accelerate

Benchmark analyst Fawne Jiang maintains Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) with a Buy and lowers the price target from $16 to $15.

Benchmark Maintains Buy on Hello Gr, Lowers Price Target to $15

U.S. stocks were lower, with the Dow Jones index falling more than 300 points on Wednesday.
Shares of HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) rose sharply during Wednesday's session following a <a href="https://www.benzinga.com/quote/HEI/earnings">second-quarter earnings beat.</a>
Heico posted quarterly GAAP earnings of 88 cents per share, beating market estimates of 81 cents per share. The company's quarterly sales came in at $955.395 million versus expectations of $951.206 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
HEICO shares gained 4.6% to $221.76 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares gained 29% to $6.88 after the company announced a partnership with Verizon for direct-to-cellular AST SpaceMobile service when needed for Verizon customers.</li>
<li>Ooma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>) gained 22.3% to $9.66 after the company reported better-than-expected first-quarter financial results and issued strong guidance for the second quarter.</li>
<li>SOPHiA GENETICS SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPH#NASDAQ">SOPH</a>) gained 21.1% to $5.96.</li>
<li>Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) climbed 20.3% to $42.23 after the company announced it will be acquired by GTCR for $43 per share in cash for a total equity valuation of roughly $627 million.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) shares rose 15.9% to $176.57 following better-than-expected first-quarter financial results.</li>
<li>DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) gained 15.8% to $225.87 as the company reported better-than-expected first-quarter FY24 earnings and raised the outlook.</li>
<li>Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) surged 14.8% to $33.28. The company recenyly announced that its board of directors adopted bitcoin as its primary treasury reserve asset.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GYRE#NASDAQ">GYRE</a>) jumped 12.3% to $11.40. Gyre Therapeutics announced expected addition to the Russell 2000&#xAE; and Russell 3000&#xAE; Indexes.</li>
<li>Immunovant, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMVT#NASDAQ">IMVT</a>) gained 11.3% to $31.66.</li>
<li>Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) jumped 9.8% to $5.32.</li>
<li>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) jumped 9.6% to $29.00 after ConocoPhillips announced it will acquire the company.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) jumped 9.1% to $27.30 as the company reported its first-quarter financial results.</li>
<li>N-able, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NABL#NASDAQ">NABL</a>) gained 9% to $13.74 following a report suggesting the company is running a sale process amid takeover interest.</li>
<li>Titan Machinery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TITN#NASDAQ">TITN</a>) rose 8.2% to $19.18.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) gained 8% to $21.53.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) jumped 4.9% to $29.78.</li>
</ul>
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Intraday Update

Movers

ASTS

GYRE

IMVT

NABL

OOMA

SMLR

SOPH

SRDX

TITN

Heico Posts Upbeat Earnings, Joins Surmodics, Abercrombie & Fitch And Other Big Stocks Moving Higher On Wednesday

Citigroup analyst Hillman Chan maintains Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) with a Neutral and lowers the price target from $6.4 to $5.7.

Citigroup Maintains Neutral on Hello Gr, Lowers Price Target to $5.7

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>)</h3>
<ul>
<li>On May 8, TripAdvisor posted better-than-expected quarterly results. In February 2024, TripAdvisor disclosed that it had formed a special committee to evaluate proposals resulting from Liberty Tripadvisor Holdings' stated intention to engage in discussions with respect to a potential transaction or other alternatives. The Special Committee now said it sees no transaction with a third party. However, it will continue to evaluate proposed alternatives as appropriate. The company's stock fell around 34% over the past month and has a <a href="https://www.benzinga.com/quote/TRIP">52-week low of $14.15</a>.</li>
<li>RSI Value: 26.09</li>
<li>TRIP Price Action: Shares of Tripadvisor gained 0.2% to close at $17.92 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 28, Hello Group posted downbeat quarterly earnings. The company's stock fell around 19% over the past five days. It <a href="https://www.benzinga.com/quote/MOMO">has a 52-week low</a> of $4.79.</li>
<li>RSI Value: 29.07</li>
<li>MOMO Price Action: Shares of Hello Group fell 12.3% to close at $4.84 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Saga Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGA#NASDAQ">SGA</a>)</h3>
<ul>
<li>On May 9, Saga Communications posted a first-quarter GAAP loss of 25 cents per share. The company's stock fell around 22% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/SGA">low of $17.82</a></li>
<li>RSI Value: 18.46</li>
<li>SGA Price Action: Shares of Saga Communications fell 7.5% to close at $18.00 on Tuesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/39055083/advance-auto-parts-ooma-and-3-stocks-to-watch-heading-into-wednesday">Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday</a>

Long Ideas

TRIP

Top 3 Tech And Telecom Stocks That Could Blast Off This Quarter

Shares of Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) fell sharply during Tuesday's session after the company announced the pricing of a $12 million public offering.
Applied DNA Sciences shares tumbled 67.5% to $0.6468 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares climbed 207% to $0.6579 after jumping around 13% on Friday.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) jumped 110% to $46.20 after the company announced topline results from ASPEN Phase 3 study met its primary endpoint.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares gained 91.5% to $0.3411 after the company on Friday announced its SUNation subsidiary signed a 1.95-megawatt project.</li>
<li>Calliditas Therapeutics AB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALT#NASDAQ">CALT</a>) shares gained 74.6% to $38.10 after the company&#8217;s board recommended the acceptance of Asahi Kasei&#8217;s tender offer.</li>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) rose 68% to $0.3350. Visionary Holdings said that the company has successfully transformed into a high-innovation and high growth company.</li>
<li>Oblong, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) surged 57% to $0.2841.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) rose 45.2% to $20.47.</li>
<li>Predictive Oncology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POAI#NASDAQ">POAI</a>) jumped 37% to $2.1801 after the company announced results from its ovarian caner study with UPMC Magee-Womens Hospital.</li>
<li>Trinity Place Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPHS#NASDAQ">TPHS</a>) rose 35% to $0.1837.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) gained 31% to $0.4359.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) rose 30% to $1.1000.</li>
<li>Kuke Music Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) gained 24.2% to $3.2781. Kuke Music signed a non-binding term sheet with Naxos One Holding.</li>
<li>Agios Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIO#NASDAQ">AGIO</a>) rose 22% to $38.29 after the company announced it agreed to sell its rights to its 15% royalty on potential U.S. net sales of Servier&#8217;s vorasidenib to Royalty Pharma.</li>
<li>Arcturus Therapeutics Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCT#NASDAQ">ARCT</a>) gained 21% to $36.63 after the company announced it will present Phase 1 results in healthy volunteers and new Phase 1b interim data in CF patients for ARCT-032.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares rose 19.3% to $0.1205 after dipping over 10% on Friday.</li>
<li>Ocean Power Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#NASDAQ">OPTT</a>) shares gained 16.7% to $0.2240 after gaining around 5% on Friday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) gained 14.4% to $0.3411 after the company announced it has completed its at-the-market equity offering program, which was previously announced.</li>
<li>Corcept Therapeutics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORT#NASDAQ">CORT</a>) climbed 13.7% to $31.20 after the company announced that its Phase 3 GRACE trial met its primary endpoint.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) rose 13% to $13.93.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) gained 11.7% to $8.68 after jumping over 16% on Friday.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) rose 10.9% to $1.0201.</li>
<li>Abacus Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) gained 10.1% to $11.78.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) rose 10.1% to $11.18.</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) gained 6.9% to $631.00.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Marpai, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) shares fell 54.7% to $0.6468 after the company announced its intention to withdraw from the Nasdaq hearings process.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) shares fell 47.4% to $0.5170 after surging 428% on Friday.</li>
<li>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) fell 41% to $8.00.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) dipped 27.7% to $0.1390 after the company announced that it entered into definitive agreement for the immediate exercise of $2.2 million of certain outstanding Series A-2 warrants.</li>
<li>OneMedNet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONMD#NASDAQ">ONMD</a>) shares fell 24.4% to $1.77 after jumping 56% on Friday. OneMedNet, last week, highlighted a &#8216;five-fold expansion&#8217; of its iRWD network and platform.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) fell 22.8% to $2.61.</li>
<li>Akanda Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAN#NASDAQ">AKAN</a>) shares fell 18.5% to $3.35 following a 72% surge on Friday. The international medical cannabis company implemented a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, according to a recent exchange filing.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) fell 17.8% to $8.25.</li>
<li>G1 Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTHX#NASDAQ">GTHX</a>) declined 17.6% to $3.37.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) fell 15.6% to $1.8399.</li>
<li>HilleVax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLVX#NASDAQ">HLVX</a>) fell 13.6% to $11.14.</li>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) dipped 13.3% to $82.08.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) declined 12.6% to $9.38.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) fell 12.4% to $13.56.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) declined 12.3% to $3.52. NWTN received expected notification from the Nasdaq related to delayed annual report on Form 20-F.</li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) dipped 11% to $36.29 after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike.</li>
<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) fell 9.5% to $54.28 as the company revealed interim results for bispecific antibody petosemtamab with pembrolizumab at 2024 American Society of Clinical Oncology Annual Meeting.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) dipped 9.2% to $151.28.</li>
<li>Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) declined 9.1% to $112.24 after RBC Capital downgraded the stock from Outperform to Sector Perform.</li>
<li>Minim, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares fell 8.6% to $3.91 after gaining 33% on Friday.</li>
<li>Applied UV, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVI#NASDAQ">AUVI</a>) shares fell 8.5% to $0.2879. Applied UV shares fell around 34% on Friday after the company reportedly filed for Chapter 11 bankruptcy.</li>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) declined 7% to $51.36.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) declined 6% to $67.75 after the company&#8217;s Shopee was reportedly accused of suspected anti-competition breaches in Indonesia.</li>
<li>Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) fell 5.8% to $5.20 following first-quarter results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/39038936/1-5m-bet-on-this-healthcare-stock-check-out-these-4-stocks-insiders-are-buying">$1.5M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying</a>

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Why Applied DNA Sciences Shares Are Trading Lower By Around 68%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 0.5% on Tuesday.
Shares of Hello Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/MOMO/earnings">first-quarter results</a>.
Hello Group posted adjusted EPADS of 4 cents, compared to market expectations of 29 cents. The company's sales came in at $354.61 million versus estimates of $347.95 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Hello Group shares fell 4.9% to $5.25 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>MultiPlan Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLN#NYSE">MPLN</a>) shares dipped 9.8% to $0.6198 in pre-market trading after jumping 22% on Friday.</li>
<li>Larimar Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) shares fell 6.2% to $6.64 in pre-market trading. Larimar Therapeutics, last week, announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.</li>
<li>Bowlero Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) shares declined 6.1% to $11.40 in pre-market trading. Bowlero recently announced the acquisition of Thunderbowl Lanes in Michigan.</li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) shares fell 5.2% to $38.67 in pre-market trading. DraftKings, last week, completed the acquisition of Jackpocket.</li>
<li>Axsome Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) shares fell 4.7% to $71.62 in pre-market trading.</li>
<li>Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) shares fell 3.3% to $197.39 in pre-market trading.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) shares declined 3.2% to $69.70 in pre-market trading.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) shares fell 3.1% to $7.00 in pre-market trading.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/39032628/investor-optimism-improves-nasdaq-settles-at-record-high">Investor Optimism Improves, Nasdaq Settles At Record High</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

AXSM

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Larimar Therapeutics, Inc. - Common Stock

LRMR

MPLN

Hello Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<ul>
<li>Monthly Active Users (&quot;MAU&quot;) on Tantan app were 13.7 million in&nbsp;March 2024, compared to 19.5 million in March&nbsp;2023.</li>
<li>For the Momo app total paying users was 7.1 million for the&nbsp;first&nbsp;quarter&nbsp;of 2024, compared to 7.8 million for the same period last year. Tantan had 1.1 million paying users for the&nbsp;first&nbsp;quarter&nbsp;of 2024 compared to 1.6 million from the year ago period.</li>
</ul>

In Q1, Hello Group Reported 13.7M Monthly Active Users on Tantan App Vs 19.5M YoY, Total Paying Users of 7.1M Vs 7.8M YoY for Momo App, Total Paying Users of 1.1M for Tantan Vs 1.6M YoY

Business&nbsp;Outlook
For the&nbsp;second&nbsp;quarter&nbsp;of 2024, the Company expects total net revenues to be between&nbsp;RMB2.65 billion&nbsp;to&nbsp;RMB2.75 billion, representing a decrease of&nbsp;15.5%&nbsp;to&nbsp;12.4%&nbsp;year over year. This forecast reflects the Company&#39;s current and preliminary views on the market and operational conditions, which are subject to change.

Hello Group Expects Q2 Revenue of RMB2.65B-RMB2.75B Vs $RMB2.706B Est

Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) will report on Q1 2024.

Hello Gr Q1 Adj EPADS $0.04 Misses $0.29 Estimate, Sales $354.61M Beat $347.95M Estimate

<h3>Gainers</h3>
<ul>
<li>Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) shares rose 14.4% to $3.34 during Thursday's regular session. The company's market cap stands at $9.0 million. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSEP#NASDAQ">CSSEP</a>) stock rose 14.09% to $0.51. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock rose 12.15% to $0.37. The market value of their outstanding shares is at $19.4 million. </li>
<li>Paltalk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>) shares moved upwards by 11.81% to $3.88. The company's market cap stands at $35.7 million. </li>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares increased by 8.81% to $45.8. The market value of their outstanding shares is at $7.4 billion. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) stock moved upwards by 8.59% to $2.71. The company's market cap stands at $90.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CuriosityStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) shares declined by 18.6% to $1.18 during Thursday's regular session. The company's market cap stands at $62.8 million. </li>
<li>9F (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) shares decreased by 13.04% to $2.7. The company's market cap stands at $31.8 million. </li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) shares fell 9.38% to $5.51. The market value of their outstanding shares is at $1.0 billion. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) shares decreased by 9.38% to $1.16. The company's market cap stands at $18.8 million. </li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) shares declined by 9.34% to $8.11. The company's market cap stands at $1.9 billion. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) stock decreased by 8.47% to $1.19. The company's market cap stands at $79.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Thursday's Intraday Session

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Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

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