Key Points
- CTO Jianhua Wen sold 4,218 shares on March 31 at an average price of $5.70, totaling about $24,043, according to an SEC filing.
- Hello Group announced a $0.28 per share annual dividend payable April 30, with record and ex-dividend dates of April 10.
- Market stance and ownership: analysts have an average "Hold" rating with a $8.10 target price, and institutional investors own roughly 50.96% of the company.
Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report) CTO Jianhua Wen sold 4,218 shares of Hello Group stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $5.70, for a total value of $24,042.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hello Group Price Performance
Shares of Hello Group stock opened at $6.17 on Friday. The business's fifty day moving average price is $6.26 and its two-hundred day moving average price is $6.69. The company has a market capitalization of $735.83 million, a P/E ratio of 9.21 and a beta of 0.42. Hello Group Inc. Sponsored ADR has a 1-year low of $5.12 and a 1-year high of $9.22.
Hello Group Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, April 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 454.0%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of MOMO. Raymond James Financial Inc. purchased a new position in shares of Hello Group during the second quarter valued at $41,000. Quarry LP purchased a new position in shares of Hello Group during the third quarter valued at $65,000. Barclays PLC grew its holdings in shares of Hello Group by 696.8% during the fourth quarter. Barclays PLC now owns 10,000 shares of the information services provider's stock valued at $66,000 after buying an additional 8,745 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Hello Group during the third quarter valued at $88,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Hello Group by 13.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,000 shares of the information services provider's stock valued at $111,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company's stock.
Analysts Set New Price Targets
MOMO has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hello Group in a research report on Friday, March 27th. Zacks Research raised Hello Group from a "strong sell" rating to a "hold" rating in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.10.
Get Our Latest Report on MOMO
Hello Group Company Profile
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Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.
In addition to Momo, Hello Group's portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.
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