Hello Group Inc. (NASDAQ:MOMO) Receives $8.25 Average PT from Analysts

Hello Group Inc. (NASDAQ:MOMO) has received a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.25.

MOMO has been the topic of a number of recent analyst reports. StockNews.com cut shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Hello Group in a research note on Thursday, March 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MOMO. Tidal Investments LLC bought a new stake in Hello Group in the 3rd quarter valued at $138,000. Assenagon Asset Management S.A. bought a new stake in shares of Hello Group in the fourth quarter valued at about $8,616,000. Kathmere Capital Management LLC boosted its position in shares of Hello Group by 30.1% during the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock worth $113,000 after buying an additional 3,407 shares during the period. SG Americas Securities LLC boosted its position in shares of Hello Group by 86.3% during the fourth quarter. SG Americas Securities LLC now owns 30,676 shares of the information services provider’s stock worth $237,000 after buying an additional 14,211 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Hello Group by 62.3% during the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock worth $48,000 after buying an additional 2,414 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Performance

Shares of NASDAQ MOMO opened at $6.15 on Wednesday. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.38. The stock has a market cap of $741.00 million, a P/E ratio of 6.34, a P/E/G ratio of 2.07 and a beta of 0.24. The firm has a 50 day moving average price of $6.01 and a 200 day moving average price of $6.80.

Hello Group Cuts Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a $0.30 dividend. This represents a yield of 4.18%. The ex-dividend date was Friday, April 11th.

Hello Group Company Profile

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.