O Shaughnessy Asset Management LLC Purchases Shares of 232,010 Hello Group Inc. (NASDAQ:MOMO)

O Shaughnessy Asset Management LLC acquired a new stake in Hello Group Inc. (NASDAQ:MOMO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 232,010 shares of the information services provider's stock, valued at approximately $1,789,000. O Shaughnessy Asset Management LLC owned 0.16% of Hello Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Hello Group in the fourth quarter valued at $35,000. Blue Trust Inc. increased its stake in shares of Hello Group by 62.3% during 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 period. Kathmere Capital Management LLC increased 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 worth $113,000 after acquiring an additional 3,407 shares during the period. Tidal Investments LLC acquired a new position in shares of Hello Group during the third quarter worth about $138,000. Finally, Quantbot Technologies LP acquired a new position in shares of Hello Group during the fourth quarter worth about $148,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MOMO shares. StockNews.com lowered shares of Hello Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Benchmark restated a "buy" rating and set a $13.00 target price on shares of Hello Group in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.25.

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Hello Group Stock Performance

MOMO traded up $0.01 on Thursday, hitting $5.55. 301,097 shares of the company were exchanged, compared to its average volume of 1,371,402. The business's fifty day moving average is $7.02 and its 200 day moving average is $7.08. Hello Group Inc. has a fifty-two week low of $4.79 and a fifty-two week high of $8.38. The firm has a market capitalization of $803.46 million, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.

Hello Group Cuts Dividend

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