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

Shares of Hello Group Inc. (NASDAQ:MOMO) have received an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.25.

Several equities analysts have weighed in on MOMO shares. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Benchmark reduced their price objective on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America downgraded shares of Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Jefferies Financial Group lifted their price target on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup upped their price objective on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Institutional Investors Weigh In On Hello Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Beijing Investment Ltd bought a new stake in shares of Hello Group in the third quarter valued at about $30,773,000. Dimensional Fund Advisors LP lifted its stake in Hello Group by 20.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock valued at $22,736,000 after acquiring an additional 633,746 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in Hello Group in the 2nd quarter valued at approximately $22,553,000. Polunin Capital Partners Ltd acquired a new position in Hello Group during the 2nd quarter worth approximately $4,566,000. Finally, American Century Companies Inc. grew its stake in shares of Hello Group by 22.6% during the 2nd quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock worth $4,417,000 after acquiring an additional 133,113 shares in the last quarter. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Stock Up 0.7 %

MOMO stock opened at $7.35 on Friday. Hello Group has a twelve month low of $4.79 and a twelve month high of $8.19. The company has a market cap of $1.07 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 2.40 and a beta of 0.51. The business’s fifty day moving average is $6.96 and its 200-day moving average is $6.71.

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.