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

Shares of Hello Group Inc. (NASDAQ:MOMO - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.25.

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $13.00 price target on shares of Hello Group in a research note on Thursday, March 13th. StockNews.com raised shares of Hello Group from a "hold" rating to a "buy" rating in a report on Tuesday.

Institutional Trading of Hello Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MOMO. QRG Capital Management Inc. grew its stake in shares of Hello Group by 8.4% during the 4th quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider's stock valued at $169,000 after acquiring an additional 1,690 shares during the period. Cetera Investment Advisers lifted its holdings in Hello Group by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 64,877 shares of the information services provider's stock valued at $500,000 after purchasing an additional 2,280 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hello Group by 62.3% in the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock worth $48,000 after purchasing an additional 2,414 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Hello Group by 30.1% in the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider's stock worth $113,000 after purchasing an additional 3,407 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Hello Group by 34.0% during the 4th 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 during the period. Hedge funds and other institutional investors own 50.96% of the company's stock.

Hello Group Trading Up 0.3 %

NASDAQ:MOMO traded up $0.02 during trading hours on Friday, reaching $5.67. 466,362 shares of the company traded hands, compared to its average volume of 1,337,651. Hello Group has a 1 year low of $4.79 and a 1 year high of $8.38. The stock has a market capitalization of $820.85 million, a P/E ratio of 5.84, a P/E/G ratio of 2.07 and a beta of 0.33. The business's 50-day moving average price is $6.62 and its two-hundred day moving average price is $6.95.

Hello Group Cuts Dividend

The business also recently announced 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 of this dividend 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.