Hello Group Inc. (NASDAQ:MOMO) Position Cut by DGS Capital Management LLC

DGS Capital Management LLC lowered its holdings in shares of Hello Group Inc. (NASDAQ:MOMO) by 36.0% during the 4th quarter, Holdings Channel reports. The fund owned 17,780 shares of the information services provider’s stock after selling 10,017 shares during the period. DGS Capital Management LLC’s holdings in Hello Group were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MOMO. Blue Trust Inc. raised its holdings in Hello Group by 472.1% during the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock worth $29,000 after purchasing an additional 3,196 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Hello Group in the 2nd quarter worth $68,000. Kathmere Capital Management LLC acquired a new stake in shares of Hello Group in the second quarter valued at $74,000. Vanguard Personalized Indexing Management LLC bought a new position in Hello Group during the second quarter valued at about $87,000. Finally, SG Americas Securities LLC acquired a new position in Hello Group during the third quarter worth about $125,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Price Performance

NASDAQ:MOMO opened at $7.33 on Monday. The stock has a market cap of $1.06 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.48. Hello Group Inc. has a fifty-two week low of $4.79 and a fifty-two week high of $8.19. The stock’s 50-day moving average is $7.09 and its two-hundred day moving average is $6.92.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MOMO shares. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup raised their target price 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. Finally, Bank of America cut Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.25.

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.