Hello Group (NASDAQ:MOMO) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Hello Group shares fell below their 200-day moving average, trading as low as $5.81 before closing around $5.83, compared with the 200-day average of $6.10.
• Analyst sentiment is mixed: UBS set a $10 price target and Benchmark maintained a Buy rating, while other coverage includes Hold and Sell ratings. MarketBeat’s consensus is Hold, with an average target price of $9.05.
• Institutional investors own approximately 50.96% of Hello Group, with several firms recently initiating or increasing positions despite the stock’s recent weakness.

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.10 and traded as low as $5.81. Hello Group shares last traded at $5.83, with a volume of 463,047 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MOMO. UBS Group set a $10.00 price target on shares of Hello Group in a report on Thursday, June 4th. Wall Street Zen downgraded shares of Hello Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Weiss Ratings restated a "sell (d+)" rating on shares of Hello Group in a research report on Monday, August 3rd. Finally, Benchmark reaffirmed a "buy" rating on shares of Hello Group in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.05.

Hello Group Price Performance

The firm has a market capitalization of $627.13 million, a P/E ratio of 9.11 and a beta of 0.47. The firm has a 50-day moving average price of $5.81 and a two-hundred day moving average price of $6.10.

Institutional Investors Weigh In On Hello Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems purchased a new stake in Hello Group in the 2nd quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its position in shares of Hello Group by 249.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,439 shares of the information services provider's stock worth $26,000 after acquiring an additional 3,170 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hello Group during the second quarter valued at approximately $41,000. Quarry LP bought a new stake in shares of Hello Group during the third quarter valued at approximately $65,000. Finally, Barclays PLC boosted its holdings in shares of Hello Group by 696.8% in the fourth quarter. Barclays PLC now owns 10,000 shares of the information services provider's stock valued at $66,000 after purchasing an additional 8,745 shares during the period. Institutional investors own 50.96% of the company's stock.

About Hello Group

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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