Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) Receives $10.00 Consensus Price Target from Analysts

Shares of Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) have been given an average recommendation of “Reduce” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.00.

Several equities analysts have recently weighed in on MOMO shares. Zacks Research lowered shares of Hello Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th.

Hedge Funds Weigh In On Hello Group

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in Hello Group by 5.2% in the 1st quarter. Acadian Asset Management LLC now owns 6,553,834 shares of the information services provider’s stock valued at $41,330,000 after buying an additional 322,603 shares during the period. US Bancorp DE increased its holdings in Hello Group by 3.9% in the 1st quarter. US Bancorp DE now owns 78,397 shares of the information services provider’s stock valued at $495,000 after buying an additional 2,978 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Hello Group by 13.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 291,465 shares of the information services provider’s stock valued at $2,460,000 after buying an additional 34,550 shares during the period. Wellington Management Group LLP bought a new position in Hello Group in the 1st quarter valued at about $120,000. Finally, Allianz Asset Management GmbH increased its holdings in Hello Group by 10.7% in the 1st quarter. Allianz Asset Management GmbH now owns 292,362 shares of the information services provider’s stock valued at $1,845,000 after buying an additional 28,278 shares during the period. 50.96% of the stock is owned by institutional investors.

Hello Group Price Performance

Shares of MOMO stock opened at $6.96 on Friday. The stock has a market cap of $830.05 million, a P/E ratio of 7.82 and a beta of 0.23. The company has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $7.36. Hello Group has a one year low of $5.12 and a one year high of $9.22.

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.