Hello Group Inc. (NASDAQ:MOMO) Given Average Recommendation of “Hold” by Brokerages

Hello Group Inc. (NASDAQ:MOMO) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $8.25.

Several equities analysts have recently commented on the company. Citigroup upped 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 reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. Finally, StockNews.com raised Hello Group from a “hold” rating to a “buy” rating in a report on Tuesday.

Hello Group Stock Performance

Shares of MOMO opened at $6.57 on Tuesday. The firm has a market cap of $951.99 million, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.38. The firm’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $7.13.

Hello Group Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, April 11th. This represents a yield of 4.18%.

Institutional Trading of Hello Group

Several large investors have recently modified their holdings of MOMO. Vident Advisory LLC raised its stake in Hello Group by 34.0% in the fourth quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock valued at $122,000 after purchasing an additional 4,009 shares in the last quarter. Millennium Management LLC raised its position in shares of Hello Group by 1,590.1% in the 4th quarter. Millennium Management LLC now owns 174,536 shares of the information services provider’s stock valued at $1,346,000 after buying an additional 164,209 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Hello Group by 3.6% during the 4th quarter. Cetera Investment Advisers now owns 64,877 shares of the information services provider’s stock worth $500,000 after acquiring an additional 2,280 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Hello Group during the 4th quarter worth approximately $4,535,000. Finally, AXA S.A. boosted its position in shares of Hello Group by 125.3% during the 4th quarter. AXA S.A. now owns 42,278 shares of the information services provider’s stock worth $326,000 after acquiring an additional 23,516 shares in the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

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.