Hello Group (NASDAQ:MOMO) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.05 and traded as low as $6.14. Hello Group shares last traded at $6.25, with a volume of 1,315,635 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MOMO. Jefferies Financial Group set a $8.10 price objective on shares of Hello Group in a research report on Wednesday, December 10th. Zacks Research upgraded Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Hello Group has a consensus rating of “Hold” and a consensus price target of $10.55.

Hello Group Stock Performance

The firm has a 50-day simple moving average of $6.66 and a two-hundred day simple moving average of $7.04. The company has a market capitalization of $737.03 million, a price-to-earnings ratio of 7.45 and a beta of 0.35.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings results on Wednesday, December 10th. The information services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $372.16 million during the quarter, compared to analysts’ expectations of $362.80 million. Hello Group had a return on equity of 10.07% and a net margin of 5.96%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. On average, sell-side analysts forecast that Hello Group Inc. Sponsored ADR will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Hello Group

A number of large investors have recently bought and sold shares of MOMO. Raymond James Financial Inc. bought a new position in Hello Group during the second quarter valued at about $41,000. Loomis Sayles & Co. L P increased its holdings in shares of Hello Group by 322.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 4,113 shares during the last quarter. Quarry LP acquired a new position in shares of Hello Group during the 3rd quarter valued at about $65,000. Barclays PLC raised its stake in shares of Hello Group by 696.8% in the 4th quarter. Barclays PLC now owns 10,000 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 8,745 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in Hello Group in the 3rd quarter worth approximately $88,000. 50.96% of the stock is currently owned by institutional investors.

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.