Hello Group Inc. (NASDAQ:MOMO) Given Consensus Recommendation of “Hold” by Brokerages

Hello Group Inc. (NASDAQ:MOMO) has received an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.25.

A number of analysts have issued reports on the company. StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. Finally, Citigroup raised their price objective on Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

Hello Group Stock Down 2.2 %

Shares of MOMO opened at $7.67 on Friday. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.38. The company has a market capitalization of $1.11 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.47. The stock has a fifty day simple moving average of $7.39 and a two-hundred day simple moving average of $7.07.

Hedge Funds Weigh In On Hello Group

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in Hello Group by 472.1% in the 3rd quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 3,196 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Hello Group in the 4th quarter valued at about $35,000. Hsbc Holdings PLC acquired a new position in Hello Group in the 4th quarter valued at about $79,000. Kathmere Capital Management LLC grew its position in Hello Group by 30.1% in 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 grew its position in Hello Group by 34.0% in the 4th quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider’s stock valued at $122,000 after acquiring an additional 4,009 shares in the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

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.