Hello Group Inc. (NASDAQ:MOMO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hello Group Inc. (NASDAQ:MOMO) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $8.25.

A number of brokerages have recently commented on MOMO. Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Citigroup boosted their price target on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

Institutional Trading of Hello Group

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC lifted its position in shares of Hello Group by 856.7% in the 2nd quarter. Headlands Technologies LLC now owns 45,049 shares of the information services provider’s stock worth $276,000 after purchasing an additional 40,340 shares during the period. American Century Companies Inc. raised its stake in Hello Group by 22.6% during the second quarter. American Century Companies Inc. now owns 721,760 shares of the information services provider’s stock worth $4,417,000 after buying an additional 133,113 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hello Group by 20.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock valued at $22,736,000 after buying an additional 633,746 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Hello Group during the second quarter valued at $87,000. Finally, XTX Topco Ltd bought a new stake in Hello Group during the second quarter valued at $165,000. 50.96% of the stock is currently owned by institutional investors.

Hello Group Price Performance

Shares of NASDAQ:MOMO opened at $6.90 on Thursday. Hello Group has a one year low of $4.79 and a one year high of $8.19. The company has a market cap of $999.80 million, a price-to-earnings ratio of 7.11, a PEG ratio of 2.40 and a beta of 0.48. The firm has a 50 day simple moving average of $7.07 and a 200 day simple moving average of $6.85.

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.