Hello Group Inc. (MOMO) to Issue Annual Dividend of $0.30 on April 30th

Hello Group Inc. (NASDAQ:MOMO) announced an annual dividend on Thursday, March 13th, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.30 per share by the information services provider on Wednesday, April 30th. This represents a yield of 4.18%. The ex-dividend date is Friday, April 11th.

Hello Group Trading Down 1.5 %

Hello Group stock opened at $7.06 on Friday. Hello Group has a 12 month low of $4.79 and a 12 month high of $8.38. The firm has a market cap of $1.02 billion, a PE ratio of 7.28, a P/E/G ratio of 2.07 and a beta of 0.44. The stock’s 50 day simple moving average is $7.36 and its two-hundred day simple moving average is $7.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MOMO shares. Citigroup increased their target price on Hello Group from $5.90 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Hello Group in a research report on Thursday. Finally, StockNews.com upgraded Hello Group from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.25.

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.