Hello Group Inc. (NASDAQ:MOMO) Receives $8.25 Consensus Target Price from Analysts

Hello Group Inc. (NASDAQ:MOMO) has earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.25.

Several analysts have recently commented on the stock. StockNews.com cut shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Hello Group in a report on Thursday, March 13th.

Institutional Investors Weigh In On Hello Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Hello Group in the fourth quarter valued at approximately $35,000. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 2,414 shares during the period. Summit Securities Group LLC bought a new position in shares of Hello Group in the 1st quarter worth $56,000. Nomura Holdings Inc. acquired a new stake in shares of Hello Group during the first quarter worth $63,000. Finally, Hsbc Holdings PLC bought a new stake in Hello Group in the fourth quarter valued at about $79,000. 50.96% of the stock is owned by institutional investors.

Hello Group Stock Performance

Shares of MOMO stock opened at $6.15 on Wednesday. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.38. The stock has a market capitalization of $741.00 million, a PE ratio of 6.34, a PEG ratio of 2.07 and a beta of 0.24. The stock’s fifty day moving average is $6.01 and its 200-day moving average is $6.80.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a $0.30 dividend. This represents a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, April 11th.

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.