Hello Group Inc. (NASDAQ:MOMO) Receives Average Recommendation of “Hold” from Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.25.

Several equities research analysts have recently issued reports on MOMO shares. StockNews.com raised shares of Hello Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 25th. Citigroup lifted their price target on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Hello Group in a research report on Thursday, March 13th.

Hedge Funds Weigh In On Hello Group

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Hello Group in the fourth quarter valued at about $8,616,000. SBI Securities Co. Ltd. acquired a new stake in Hello Group in the fourth quarter valued at approximately $35,000. Caprock Group LLC boosted its position in Hello Group by 47.3% in the fourth quarter. Caprock Group LLC now owns 35,763 shares of the information services provider’s stock valued at $276,000 after buying an additional 11,484 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Hello Group by 8.4% during the fourth quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider’s stock worth $169,000 after buying an additional 1,690 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Hello Group by 105.9% during the third 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 worth $160,000 after buying an additional 10,818 shares in the last quarter. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Price Performance

Shares of Hello Group stock opened at $6.32 on Tuesday. The company has a market capitalization of $915.76 million, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. The business has a 50-day moving average of $7.31 and a two-hundred day moving average of $7.13. Hello Group has a 1 year low of $4.79 and a 1 year high of $8.38.

Hello Group Cuts Dividend

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

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.