Analysts Set Hello Group Inc. (NASDAQ:MOMO) PT at $8.25

Shares of Hello Group Inc. (NASDAQ:MOMO) have earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.25.

MOMO has been the topic of a number of analyst reports. Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Citigroup raised their price target on shares of Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

Institutional Trading of Hello Group

Several large investors have recently modified their holdings of MOMO. First Beijing Investment Ltd bought a new position in Hello Group during the third quarter worth $30,773,000. Assenagon Asset Management S.A. bought a new position in shares of Hello Group during the 4th quarter worth about $8,616,000. Public Employees Retirement System of Ohio bought a new position in shares of Hello Group during the 3rd quarter worth about $1,013,000. Polymer Capital Management HK LTD acquired a new stake in shares of Hello Group in the 3rd quarter valued at about $894,000. Finally, Harbour Capital Advisors LLC increased its position in Hello Group by 86.9% in the 4th quarter. Harbour Capital Advisors LLC now owns 90,085 shares of the information services provider’s stock valued at $647,000 after buying an additional 41,875 shares in the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Stock Down 2.1 %

Shares of Hello Group stock opened at $7.12 on Monday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 1.84 and a beta of 0.47. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19. The company’s fifty day moving average is $7.20 and its 200 day moving average is $6.96.

About Hello Group

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.