Hello Group (NASDAQ:MOMO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hello Group (NASDAQ:MOMO - Free Report) from a hold rating to a buy rating in a report published on Tuesday.

Separately, Benchmark reissued a "buy" rating and set a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Hello Group presently has an average rating of "Hold" and a consensus target price of $8.25.

Hello Group Price Performance

Hello Group stock traded down $0.09 during trading hours on Tuesday, hitting $5.64. The company had a trading volume of 498,226 shares, compared to its average volume of 1,335,119. Hello Group 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 $816.51 million, a P/E ratio of 5.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33. The firm's fifty day moving average is $6.57 and its 200-day moving average is $6.93.

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. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 4.18%.

Institutional Investors Weigh In On Hello Group

Several large investors have recently modified their holdings of MOMO. QRG Capital Management Inc. boosted its stake in Hello Group by 8.4% in the 4th quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider's stock worth $169,000 after purchasing an additional 1,690 shares during the period. Cetera Investment Advisers grew its holdings in shares of Hello Group by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 64,877 shares of the information services provider's stock worth $500,000 after buying an additional 2,280 shares in the last quarter. Blue Trust Inc. raised its position in Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock valued at $48,000 after buying an additional 2,414 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in 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 acquiring an additional 3,407 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in 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 acquiring an additional 4,009 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors.

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.