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

Hello Group Inc. (NASDAQ:MOMO) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.25.

Several research analysts recently issued reports on MOMO shares. Citigroup increased their target price on shares of Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America lowered Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Hello Group

Several large investors have recently added to or reduced their stakes in MOMO. Tidal Investments LLC bought a new stake in Hello Group during the 3rd quarter worth approximately $138,000. Public Employees Retirement System of Ohio purchased a new position in shares of Hello Group during the third quarter valued at approximately $1,013,000. XTX Topco Ltd grew its holdings in Hello Group by 95.1% during the third quarter. XTX Topco Ltd now owns 52,720 shares of the information services provider’s stock worth $401,000 after buying an additional 25,700 shares in the last quarter. Quadrature Capital Ltd raised its position in Hello Group by 40.2% in the 3rd quarter. Quadrature Capital Ltd now owns 69,492 shares of the information services provider’s stock valued at $528,000 after buying an additional 19,909 shares during the last quarter. Finally, Polymer Capital Management HK LTD bought a new position in Hello Group during the 3rd quarter valued at $894,000. Institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 2.5 %

Shares of MOMO stock opened at $6.90 on Thursday. The firm has a 50 day moving average of $7.07 and a 200-day moving average of $6.85. The company has a market cap of $999.80 million, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.19.

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.