Hello Group Inc. (NASDAQ:MOMO) Receives $8.25 Consensus Target Price from Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.25.

A number of equities analysts recently issued reports on MOMO shares. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Citigroup increased their target price on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their price target on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Benchmark reduced their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in shares of Hello Group in the 3rd quarter valued at approximately $138,000. Public Employees Retirement System of Ohio bought a new stake in Hello Group in the third quarter valued at $1,013,000. XTX Topco Ltd raised its stake in Hello Group by 95.1% during the third quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after acquiring an additional 25,700 shares in the last quarter. Quadrature Capital Ltd raised its stake in Hello Group by 40.2% during the third quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock worth $528,000 after acquiring an additional 19,909 shares in the last quarter. Finally, Polymer Capital Management HK LTD bought a new position in shares of Hello Group during the third quarter valued at $894,000. Institutional investors own 50.96% of the company’s stock.

Hello Group Stock Up 1.6 %

Shares of NASDAQ MOMO opened at $7.56 on Friday. Hello Group has a 12 month low of $4.79 and a 12 month high of $8.19. The company has a market cap of $1.10 billion, a P/E ratio of 7.79, a P/E/G ratio of 2.35 and a beta of 0.51. The business’s 50 day moving average is $6.96 and its two-hundred day moving average is $6.66.

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.