Hello Group (NASDAQ:MOMO) Reaches New 1-Year Low – Time to Sell?

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.58 and last traded at $5.5760, with a volume of 285727 shares changing hands. The stock had previously closed at $5.71.

Analysts Set New Price Targets

MOMO has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Benchmark restated a “buy” rating on shares of Hello Group in a report on Thursday. Finally, UBS Group set a $10.00 target price on shares of Hello Group in a report on Thursday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hello Group currently has a consensus rating of “Hold” and an average target price of $9.05.

Hello Group Price Performance

The stock has a market capitalization of $600.78 million, a price-to-earnings ratio of 8.73 and a beta of 0.46. The business’s 50-day simple moving average is $6.07 and its two-hundred day simple moving average is $6.43.

Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.28 per share. This represents a yield of 475.0%. The ex-dividend date of this dividend was Friday, April 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MOMO. Athos Capital Ltd acquired a new position in Hello Group during the fourth quarter valued at approximately $47,359,000. Norges Bank acquired a new position in Hello Group during the fourth quarter valued at approximately $9,146,000. Man Group plc acquired a new position in Hello Group during the second quarter valued at approximately $8,904,000. Marshall Wace LLP lifted its position in shares of Hello Group by 882.9% during the second quarter. Marshall Wace LLP now owns 859,024 shares of the information services provider’s stock worth $7,250,000 after purchasing an additional 771,624 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Hello Group by 21.3% during the fourth quarter. LSV Asset Management now owns 3,565,971 shares of the information services provider’s stock worth $23,357,000 after purchasing an additional 626,152 shares in the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Company Profile

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.