Hello Group (NASDAQ:MOMO) Hits New 12-Month Low – Should You Sell?

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) shares reached a new 52-week low during trading on Thursday . The company traded as low as $5.04 and last traded at $5.0450, with a volume of 352056 shares changing hands. The stock had previously closed at $5.18.

Analysts Set New Price Targets

MOMO has been the topic of several research analyst reports. Wall Street Zen lowered Hello Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. UBS Group set a $10.00 price target on Hello Group in a report on Thursday, June 4th. Benchmark reiterated a “buy” rating on shares of Hello Group in a research note on Thursday, June 4th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hello Group in a report on Monday, August 3rd. One research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.05.

Hello Group Price Performance

The company has a market cap of $543.77 million, a price-to-earnings ratio of 5.15 and a beta of 0.45. The firm’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $5.94.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings data on Thursday, September 3rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Hello Group had a return on equity of 10.43% and a net margin of 11.02%.The company had revenue of $365.91 million for the quarter, compared to analyst estimates of $363.62 million. During the same quarter last year, the company posted ($0.58) earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Athos Capital Ltd acquired a new stake in shares of Hello Group during the fourth quarter worth about $47,359,000. Norges Bank purchased a new stake in Hello Group during the 4th quarter valued at approximately $9,146,000. Assenagon Asset Management S.A. acquired a new stake in Hello Group during the 2nd quarter worth approximately $6,176,000. Man Group plc acquired a new stake in Hello Group during the 2nd quarter worth approximately $8,904,000. Finally, Marshall Wace LLP grew its stake in shares of Hello Group by 882.9% in the 2nd quarter. Marshall Wace LLP now owns 859,024 shares of the information services provider’s stock valued at $7,250,000 after purchasing an additional 771,624 shares during the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

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.