Hello Group (NASDAQ:MOMO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.
Separately, Benchmark reissued a "buy" rating and issued a $13.00 price objective on shares of Hello Group in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.00.
Get Our Latest Stock Analysis on Hello Group
Hello Group Stock Up 6.6%
Shares of Hello Group stock traded up $0.50 on Friday, hitting $8.06. The company's stock had a trading volume of 6,625,480 shares, compared to its average volume of 1,241,110. Hello Group has a 52-week low of $5.12 and a 52-week high of $8.38. The firm has a fifty day moving average price of $5.95 and a 200-day moving average price of $6.76. The company has a market capitalization of $971.13 million, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 2.07 and a beta of 0.31.
Institutional Trading of Hello Group
Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Hello Group during the fourth quarter valued at approximately $35,000. Blue Trust Inc. raised its stake in shares of Hello Group by 62.3% during the fourth quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock valued at $48,000 after purchasing an additional 2,414 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Hello Group during the first quarter worth about $56,000. Nomura Holdings Inc. purchased a new stake in shares of Hello Group during the first quarter worth about $63,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Hello Group during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 50.96% of the company's stock.
About Hello Group
(
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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.
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