Hello Group (NASDAQ:MOMO) Given New $7.00 Price Target at Citigroup

Hello Group (NASDAQ:MOMO) had its target price raised by Citigroup from $5.90 to $7.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the information services provider’s stock.

Several other analysts have also weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America downgraded Hello Group from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 6th. Finally, Benchmark dropped their price target on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Hello Group has a consensus rating of “Hold” and a consensus price target of $8.25.

Hello Group Price Performance

Shares of MOMO opened at $7.79 on Tuesday. Hello Group has a 52 week low of $4.79 and a 52 week high of $8.19. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 2.07 and a beta of 0.51. The stock has a 50 day moving average of $6.97 and a 200-day moving average of $6.61.

Institutional Investors Weigh In On Hello Group

Large investors have recently made changes to their positions in the company. First Beijing Investment Ltd bought a new position in Hello Group in the 3rd quarter worth approximately $30,773,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in Hello Group during the 2nd quarter worth $22,553,000. Polunin Capital Partners Ltd bought a new position in shares of Hello Group in the second quarter worth $4,566,000. Dimensional Fund Advisors LP increased its holdings in shares of Hello Group by 20.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,716,809 shares of the information services provider’s stock valued at $22,736,000 after purchasing an additional 633,746 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of Hello Group during the second quarter valued at about $2,628,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

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.