Hello Group Inc. (NASDAQ:MOMO) to Issue $0.30 Annual Dividend

Hello Group Inc. (NASDAQ:MOMO) announced an annual dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders 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 dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, April 11th.

Hello Group Price Performance

MOMO stock traded up $0.37 during midday trading on Thursday, hitting $7.17. 1,516,976 shares of the stock traded hands, compared to its average volume of 1,074,256. The firm has a market cap of $1.04 billion, a P/E ratio of 7.39, a PEG ratio of 2.07 and a beta of 0.44. Hello Group has a 1-year low of $4.79 and a 1-year high of $8.38. The stock’s fifty day simple moving average is $7.37 and its 200-day simple moving average is $7.11.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup lifted their target price on shares of Hello Group from $5.90 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Benchmark reiterated a “buy” rating and issued a $13.00 price target on shares of Hello Group in a research report on Thursday. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.