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

StockNews.com upgraded shares of Hello Group (NASDAQ:MOMO) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently commented on MOMO. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Hello Group in a report on Thursday, March 13th. Citigroup raised their target price on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Hello Group Stock Down 3.0 %

NASDAQ MOMO opened at $6.37 on Tuesday. The company has a 50-day moving average price of $7.34 and a 200-day moving average price of $7.13. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.38. The firm has a market capitalization of $923.01 million, a P/E ratio of 6.57, a PEG ratio of 2.07 and a beta of 0.44.

Hello Group Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in Hello Group in the 4th quarter worth $8,616,000. SBI Securities Co. Ltd. bought a new position in shares of Hello Group in the fourth quarter worth about $35,000. Caprock Group LLC grew its position in shares of Hello Group by 47.3% during the fourth quarter. Caprock Group LLC now owns 35,763 shares of the information services provider’s stock worth $276,000 after purchasing an additional 11,484 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hello Group by 105.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock valued at $160,000 after purchasing an additional 10,818 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings 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 in the last quarter. Hedge funds and other 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.