Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.05 and traded as low as $5.72. Hello Group shares last traded at $5.74, with a volume of 690,709 shares.
Analyst Upgrades and Downgrades
MOMO has been the subject of a number of analyst reports. Benchmark restated a "buy" rating on shares of Hello Group in a research report on Thursday, June 4th. UBS Group set a $10.00 price objective on Hello Group in a research report on Thursday, June 4th. Wall Street Zen lowered Hello Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Hello Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.05.
Read Our Latest Stock Analysis on MOMO
Hello Group Stock Performance
The firm's 50 day moving average price is $5.83 and its two-hundred day moving average price is $6.05. The firm has a market cap of $617.45 million, a PE ratio of 8.97 and a beta of 0.47.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MOMO. Ramsey Quantitative Systems purchased a new stake in Hello Group in the second quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hello Group by 249.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,439 shares of the information services provider's stock valued at $26,000 after purchasing an additional 3,170 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hello Group during the 2nd quarter worth $41,000. Pinnacle Holdings LLC purchased a new position in shares of Hello Group during the 2nd quarter worth $60,000. Finally, Quarry LP acquired a new stake in shares of Hello Group during the 3rd quarter worth about $65,000. 50.96% of the stock is currently owned by hedge funds and other institutional investors.
Hello Group Company Profile
(
Get Free Report)
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.
See Also
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