Brokerages Set Hello Group Inc. (NASDAQ:MOMO) Target Price at $8.25

Hello Group Inc. (NASDAQ:MOMO) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.25.

MOMO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Bank of America downgraded shares of Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. Finally, Citigroup upped their price objective on 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 Up 0.7 %

Shares of NASDAQ:MOMO opened at $7.42 on Monday. Hello Group has a 52-week low of $4.79 and a 52-week high of $8.19. The business has a fifty day moving average of $7.23 and a two-hundred day moving average of $6.97. The stock has a market cap of $1.08 billion, a P/E ratio of 7.65, a PEG ratio of 1.89 and a beta of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Hello Group in the 4th quarter valued at $8,616,000. 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. Caprock Group LLC increased its stake in Hello Group by 47.3% during the fourth quarter. Caprock Group LLC now owns 35,763 shares of the information services provider’s stock worth $276,000 after purchasing an additional 11,484 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hello Group by 105.9% during 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 purchasing an additional 10,818 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Hello Group in the third quarter valued at approximately $1,013,000. 50.96% of the stock is currently 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.