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

Shares of Hello Group Inc. (NASDAQ:MOMO - Get Free Report) have earned 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 recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $8.25.

Several research analysts recently issued reports on the company. Citigroup lifted their target price on Hello Group from $5.90 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Benchmark reiterated a "buy" rating and issued a $13.00 target price on shares of Hello Group in a research note on Thursday, March 13th. Finally, StockNews.com upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a report on Tuesday.

Institutional Investors Weigh In On Hello Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Hello Group in the fourth quarter valued at $10,765,000. Assenagon Asset Management S.A. purchased a new position in Hello Group during the 4th quarter valued at about $8,616,000. BNP Paribas Financial Markets purchased a new position in Hello Group during the 4th quarter valued at about $4,535,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Hello Group during the fourth quarter valued at about $1,789,000. Finally, Millennium Management LLC boosted its position in shares of Hello Group by 1,590.1% in the fourth quarter. Millennium Management LLC now owns 174,536 shares of the information services provider's stock valued at $1,346,000 after acquiring an additional 164,209 shares during the period. Institutional investors own 50.96% of the company's stock.

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Hello Group Stock Down 4.0 %

MOMO traded down $0.26 during trading on Tuesday, hitting $6.32. 773,976 shares of the company's stock were exchanged, compared to its average volume of 1,401,074. Hello Group has a fifty-two week low of $4.79 and a fifty-two week high of $8.38. The stock has a market cap of $915.76 million, a P/E ratio of 6.52, a PEG ratio of 2.07 and a beta of 0.44. The business's 50 day moving average is $7.31 and its two-hundred day moving average is $7.12.

Hello Group Cuts Dividend

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

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.