Hello Group (NASDAQ:MOMO) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hello Group shares slipped below their 200-day moving average, trading as low as $6.18 and last at $6.23 versus a 200-day average of $6.56 on volume of 412,298 shares.
• Analysts have an average Hold rating with a consensus price target of $8.10, and Weiss Ratings recently reiterated a "hold (c-)" on the stock.
• The company has a market cap of about $670 million and a P/E of 9.3, with institutional ownership around 50.96% after several large funds (Athos, Norges Bank, Man Group, Marshall Wace, LSV) added or increased positions; it also recently paid an annual dividend of $0.28 per share (ex-dividend April 10).

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.56 and traded as low as $6.18. Hello Group shares last traded at $6.23, with a volume of 412,298 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Hello Group in a research note on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hello Group has an average rating of "Hold" and an average target price of $8.10.

Hello Group Stock Up 0.3%

The company has a market cap of $670.16 million, a P/E ratio of 9.30 and a beta of 0.48. The stock has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $6.56.

Hello Group Cuts Dividend

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

Hedge Funds Weigh In On Hello Group

A number of large investors have recently made changes to their positions in the company. Athos Capital Ltd acquired a new stake in Hello Group during the fourth quarter worth approximately $47,359,000. Norges Bank acquired a new stake in Hello Group during the fourth quarter worth approximately $9,146,000. Man Group plc acquired a new stake in Hello Group during the second quarter worth approximately $8,904,000. Marshall Wace LLP grew its position in 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 buying an additional 771,624 shares in the last quarter. Finally, LSV Asset Management grew its position in 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 buying an additional 626,152 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.