Hello Group Inc. (NASDAQ:MOMO - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $8.51 and last traded at $8.47, with a volume of 2037085 shares. The stock had previously closed at $8.27.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Wall Street Zen raised Hello Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Benchmark reiterated a "buy" rating and set a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.00.
Get Our Latest Analysis on Hello Group
Hello Group Stock Up 2.4%
The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 2.07 and a beta of 0.31. The company's fifty day moving average is $6.22 and its 200 day moving average is $6.82.
Institutional Investors Weigh In On Hello Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in MOMO. SBI Securities Co. Ltd. bought a new position in shares of Hello Group in the 4th quarter valued at about $35,000. Summit Securities Group LLC bought a new position in shares of Hello Group in the 1st quarter valued at about $56,000. Nomura Holdings Inc. bought a new position in shares of Hello Group in the 1st quarter valued at about $63,000. Hsbc Holdings PLC bought a new position in shares of Hello Group in the 4th quarter valued at about $79,000. Finally, Aigen Investment Management LP bought a new position in shares of Hello Group in the 1st quarter valued at about $85,000. 50.96% of the stock is owned by institutional investors.
About Hello Group
(
Get Free Report)
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.
See Also
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