Hello Group Inc. (NASDAQ:MOMO) Receives $8.25 Average PT from Analysts

Shares of Hello Group Inc. (NASDAQ:MOMO) have received a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Two 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 target among brokers that have issued a report on the stock in the last year is $8.25.

A number of research firms recently commented on MOMO. Citigroup increased their target price 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. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Hello Group

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

Hello Group Stock Performance

MOMO stock opened at $6.87 on Thursday. Hello Group has a one year low of $4.79 and a one year high of $8.19. The firm has a market cap of $995.46 million, a price-to-earnings ratio of 7.08, a PEG ratio of 2.40 and a beta of 0.48. The firm has a 50-day simple moving average of $7.04 and a two-hundred day simple moving average of $6.87.

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.