Hello Group (NASDAQ:MOMO) Receives Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of Hello Group (NASDAQ:MOMO) in a report released on Thursday,Benzinga reports. They currently have a $13.00 target price on the information services provider’s stock.

Several other analysts have also weighed in on the stock. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup boosted their price objective on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

Hello Group Trading Up 5.4 %

Shares of MOMO opened at $7.17 on Thursday. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.38. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 2.07 and a beta of 0.44. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $7.11.

Hello Group Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Hello Group in the fourth quarter valued at approximately $35,000. Blue Trust Inc. increased its position in Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 2,414 shares during the period. Hsbc Holdings PLC bought a new stake in Hello Group during the 4th quarter valued at $79,000. Kathmere Capital Management LLC raised its stake in Hello Group by 30.1% during the 4th quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 3,407 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in Hello Group by 34.0% during the 4th quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock worth $122,000 after acquiring an additional 4,009 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Company Profile

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.