Hello Group (NASDAQ:MOMO) Sets New 52-Week Low – Should You Sell?

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

Analyst Upgrades and Downgrades

A number of research firms have commented on MOMO. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hello Group in a research report on Monday, August 3rd. UBS Group set a $10.00 target price on shares of Hello Group in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Benchmark restated a “buy” rating on shares of Hello Group in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.05.

Hello Group Trading Down 1.8%

The company has a market cap of $532.47 million, a P/E ratio of 5.05 and a beta of 0.45. The company has a 50 day moving average price of $5.77 and a 200-day moving average price of $5.92.

Hello Group (NASDAQ:MOMO) last released its quarterly earnings data on Thursday, September 3rd. The information services provider reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $365.91 million for the quarter, compared to analyst estimates of $363.62 million. Hello Group’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.58) earnings per share.

Institutional Investors Weigh In On Hello Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems acquired a new stake in Hello Group in the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hello Group by 249.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,439 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 3,170 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Hello Group during the 2nd quarter worth $41,000. Tidal Investments LLC acquired a new position in Hello Group in the 2nd quarter worth about $59,000. Finally, Pinnacle Holdings LLC bought a new position in Hello Group in the second quarter valued at about $60,000. 50.96% of the stock is 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.