Shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $8.51 and last traded at $8.47, with a volume of 2037085 shares traded. The stock had previously closed at $8.27.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MOMO. Wall Street Zen upgraded shares of Hello Group from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Benchmark reissued 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 given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $9.00.
View Our Latest Report on MOMO
Hello Group Stock Down 3.6%
The stock has a 50-day moving average of $6.40 and a 200 day moving average of $6.86. The stock has a market cap of $997.66 million, a PE ratio of 6.37 and a beta of 0.31.
Institutional Trading of Hello Group
Several institutional investors and hedge funds have recently bought and sold shares of MOMO. Vontobel Holding Ltd. acquired a new stake in shares of Hello Group in the fourth quarter worth $158,000. QRG Capital Management Inc. boosted its holdings in Hello Group by 8.4% in the fourth quarter. QRG Capital Management Inc. now owns 21,861 shares of the information services provider's stock valued at $169,000 after purchasing an additional 1,690 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Hello Group during the 4th quarter worth about $35,000. Quantbot Technologies LP purchased a new position in shares of Hello Group during the 4th quarter valued at about $148,000. Finally, American Century Companies Inc. raised its stake in shares of Hello Group by 4.7% during the 4th quarter. American Century Companies Inc. now owns 912,611 shares of the information services provider's stock valued at $7,036,000 after buying an additional 40,620 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors and hedge funds.
Hello Group Company Profile
(
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
Before you consider Hello Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hello Group wasn't on the list.
While Hello Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
