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

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

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

Hello Group Stock Up 0.7 %

MOMO stock opened at $7.35 on Friday. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 2.40 and a beta of 0.51. The business has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $6.71.

Institutional Trading of Hello Group

A number of hedge funds and other institutional investors have recently modified their holdings of MOMO. BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of Hello Group in the 2nd quarter valued at $22,553,000. Dimensional Fund Advisors LP increased its holdings in Hello Group by 20.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock worth $22,736,000 after purchasing an additional 633,746 shares in the last quarter. Blue Trust Inc. increased its holdings in Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after purchasing an additional 3,196 shares in the last quarter. American Century Companies Inc. raised its position in Hello Group by 22.6% in the second quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock valued at $4,417,000 after purchasing an additional 133,113 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Hello Group during the second quarter valued at about $2,628,000. Institutional investors own 50.96% of the company’s stock.

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.