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

Hello Group Inc. (NASDAQ:MOMO) has received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $8.25.

MOMO has been the subject of a number of recent research reports. StockNews.com raised Hello Group from a “hold” rating to a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of Hello Group in a research report on Thursday, March 13th. Finally, Citigroup lifted their price objective on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Hello Group Stock Up 2.7 %

NASDAQ:MOMO opened at $6.58 on Tuesday. The firm has a market capitalization of $953.44 million, a PE ratio of 6.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.38. The firm has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.12.

Hello Group Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.30 dividend. The ex-dividend date is Friday, April 11th. This represents a yield of 4.18%.

Institutional Trading of Hello Group

Large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Hello Group during the 4th quarter worth about $35,000. Blue Trust Inc. raised its stake in shares of Hello Group by 62.3% in the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock worth $48,000 after acquiring an additional 2,414 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Hello Group during the fourth quarter worth approximately $79,000. Kathmere Capital Management LLC grew its stake 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 valued at $113,000 after purchasing an additional 3,407 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Hello Group by 34.0% in the fourth quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 4,009 shares in the last quarter. Institutional investors own 50.96% of the company’s stock.

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.