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

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.25.

A number of research firms have weighed in on MOMO. Bank of America downgraded Hello Group from a "buy" rating to an "underperform" rating in a report on Wednesday, November 6th. Citigroup boosted their price objective on shares of Hello Group from $5.90 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised Hello Group from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th.

Hello Group Trading Down 2.6 %

Shares of MOMO stock traded down $0.19 during trading hours on Friday, reaching $7.18. The company's stock had a trading volume of 920,699 shares, compared to its average volume of 975,268. The stock has a market capitalization of $1.04 billion, a P/E ratio of 7.40, a P/E/G ratio of 2.07 and a beta of 0.47. The firm's fifty day simple moving average is $7.39 and its 200 day simple moving average is $7.08. Hello Group has a one year low of $4.79 and a one year high of $8.38.

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Institutional Trading of Hello Group

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider's stock valued at $29,000 after buying an additional 3,196 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Hello Group in the fourth quarter valued at approximately $35,000. Hsbc Holdings PLC purchased a new position in shares of Hello Group during the 4th quarter worth $79,000. Kathmere Capital Management LLC grew its stake in shares of Hello Group by 30.1% in the 4th quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider's stock valued at $113,000 after buying an additional 3,407 shares during the period. Finally, Vident Advisory LLC increased its position in shares of Hello Group by 34.0% during the 4th quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider's stock worth $122,000 after purchasing an additional 4,009 shares during the last quarter. Hedge funds and other 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.