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

Hello Group Inc. (NASDAQ:MOMO) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.25.

MOMO has been the topic of a number of research reports. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Benchmark cut their price target on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Jefferies Financial Group raised their price objective on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Citigroup upped 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. Finally, StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th.

Institutional Trading of Hello Group

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after buying an additional 3,196 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Hello Group in the 2nd quarter worth about $68,000. Kathmere Capital Management LLC bought a new stake in Hello Group in the 2nd quarter valued at about $74,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Hello Group during the 2nd quarter worth approximately $87,000. Finally, SG Americas Securities LLC bought a new position in shares of Hello Group during the third quarter worth approximately $125,000. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Stock Performance

NASDAQ:MOMO opened at $7.30 on Friday. The stock has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $6.68. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.19. The company has a market cap of $1.06 billion, a PE ratio of 7.53, a PEG ratio of 2.35 and a beta of 0.51.

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.