Hello Group (NASDAQ:MOMO) Raised to “Buy” at StockNews.com

Hello Group (NASDAQ:MOMOGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

MOMO has been the subject of a number of other research reports. 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 report on Tuesday, December 10th. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Hello Group in a research report on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.25.

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Hello Group Stock Down 1.5 %

MOMO stock opened at $7.06 on Friday. Hello Group has a 12-month low of $4.79 and a 12-month high of $8.38. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 2.07 and a beta of 0.44. The company has a 50 day moving average of $7.36 and a two-hundred day moving average of $7.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MOMO. SBI Securities Co. Ltd. acquired a new position in Hello Group in the 4th quarter valued at $35,000. Blue Trust Inc. grew its stake 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 buying an additional 2,414 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Hello Group in the 4th quarter valued at $79,000. Kathmere Capital Management LLC grew its stake 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 buying an additional 3,407 shares during the last quarter. Finally, Vident Advisory LLC grew its stake 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 buying an additional 4,009 shares during the last quarter. Institutional investors own 50.96% of the company’s stock.

About Hello Group

(Get Free Report)

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.

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Analyst Recommendations for Hello Group (NASDAQ:MOMO)

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