Hello Group Inc. (NASDAQ:MOMO – Get Rating) gapped up prior to trading on Friday . The stock had previously closed at $5.00, but opened at $5.26. Hello Group shares last traded at $5.29, with a volume of 13,748 shares.
MOMO has been the subject of several analyst reports. Citigroup lowered their price target on shares of Hello Group from $8.10 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, June 8th. Benchmark decreased their price objective on shares of Hello Group from $22.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, June 8th. JPMorgan Chase & Co. cut shares of Hello Group from an “overweight” rating to a “neutral” rating and set a $7.00 price objective for the company. in a report on Monday, March 14th. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Finally, TheStreet cut shares of Hello Group from a “c” rating to a “d” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.75.
The stock’s 50-day moving average price is $5.17 and its 200 day moving average price is $7.50. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.43.
The company also recently declared a — dividend, which was paid on Friday, April 29th. Shareholders of record on Wednesday, April 13th were given a dividend of $0.62 per share. The ex-dividend date was Tuesday, April 12th.
Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of Hello Group by 93.7% in the fourth quarter. Parallel Advisors LLC now owns 3,094 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 1,497 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in shares of Hello Group by 3,968.3% in the first quarter. Banque Cantonale Vaudoise now owns 5,126 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 5,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Hello Group in the first quarter valued at about $32,000. US Bancorp DE grew its stake in shares of Hello Group by 49.6% in the first quarter. US Bancorp DE now owns 8,502 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 2,819 shares in the last quarter. Finally, Platinum Investment Management Ltd. grew its stake in shares of Hello Group by 57.0% in the first quarter. Platinum Investment Management Ltd. now owns 9,871 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 3,585 shares in the last quarter. Hedge funds and other institutional investors own 60.44% of the company’s stock.
Hello Group Company Profile (NASDAQ:MOMO)
Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, short videos, and social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke, and user participated reality shows.
- Get a free copy of the StockNews.com research report on Hello Group (MOMO)
- eBay’s Long Term Fundamentals Are Intact If You Can Stomach Short Term Volatility
- Honda’s Stock Continues To Fly Under The Radar
- Vuzix Stock Stays Optimistic
- Palo Alto Networks: Pioneering AI in Cybersecurity
- The Analysts Upgrade… Retail Stocks?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Hello Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hello Group and related companies with MarketBeat.com's FREE daily email newsletter.