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

Shares of Hello Group Inc. (NASDAQ:MOMO) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.25.

A number of brokerages have commented on MOMO. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Citigroup boosted their price target on shares of Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Hello Group Stock Performance

Hello Group stock opened at $7.19 on Monday. Hello Group has a 1 year low of $4.79 and a 1 year high of $8.19. The firm’s 50-day moving average is $7.16 and its 200-day moving average is $6.95. The company has a market cap of $1.04 billion, a P/E ratio of 7.41, a PEG ratio of 1.84 and a beta of 0.47.

Hedge Funds Weigh In On Hello Group

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of Hello Group by 62.3% in the fourth 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 in the last quarter. Kathmere Capital Management LLC raised its holdings 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 worth $113,000 after buying an additional 3,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hello Group by 105.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,030 shares of the information services provider’s stock worth $160,000 after buying an additional 10,818 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Hello Group during the 2nd quarter worth approximately $68,000. Finally, Caprock Group LLC raised its stake in Hello Group by 47.3% during the 4th quarter. Caprock Group LLC now owns 35,763 shares of the information services provider’s stock valued at $276,000 after purchasing an additional 11,484 shares during the period. Institutional investors own 50.96% of the company’s stock.

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.