StockNews.com Downgrades Hello Group (NASDAQ:MOMO) to Hold

Hello Group ( NASDAQ:MOMO – Get Free Report ) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. A number of other brokerages also recently weighed in on MOMO.

Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Hello Group in a research note on Thursday, March 13th. Citigroup increased their price target on shares of Hello Group from $5.



90 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.25. Check Out Our Latest Stock Report on MOMO Hello Group Stock Down 2.

6 % Institutional Inflows and Outflows Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Hello Group during the fourth quarter valued at about $10,765,000. Assenagon Asset Management S.

A. bought a new position in Hello Group during the 4th quarter worth approximately $8,616,000. BNP Paribas Financial Markets bought a new position in Hello Group during the 4th quarter worth approximately $4,535,000.

O Shaughnessy Asset Management LLC purchased a new position in Hello Group in the 4th quarter worth approximately $1,789,000. Finally, Millennium Management LLC lifted its position in Hello Group by 1,590.1% in the fourth quarter.

Millennium Management LLC now owns 174,536 shares of the information services provider’s stock valued at $1,346,000 after purchasing an additional 164,209 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors.

About Hello Group ( Get Free Report ) 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.

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