Hello Group (NASDAQ:MOMO) Reaches New 1-Year Low – Time to Sell?

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) reached a new 52-week low during trading on Friday . The company traded as low as $5.58 and last traded at $5.5760, with a volume of 285727 shares traded. The stock had previously closed at $5.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Benchmark reissued a “buy” rating on shares of Hello Group in a research report on Thursday. Weiss Ratings lowered shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, UBS Group set a $10.00 price target on shares of Hello Group in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hello Group has an average rating of “Hold” and an average price target of $9.05.

Hello Group Stock Down 2.2%

The firm’s 50 day simple moving average is $6.07 and its two-hundred day simple moving average is $6.43. The stock has a market cap of $600.78 million, a P/E ratio of 8.73 and a beta of 0.46.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, April 30th. Shareholders 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 yield of 475.0%.

Institutional Trading of Hello Group

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in 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 valued at $26,000 after purchasing an additional 3,170 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Hello Group by 3.2% during the first quarter. Cetera Investment Advisers now owns 67,726 shares of the information services provider’s stock worth $390,000 after acquiring an additional 2,096 shares during the last quarter. ABN Amro Investment Solutions grew its position in shares of Hello Group by 45.6% during the first quarter. ABN Amro Investment Solutions now owns 38,300 shares of the information services provider’s stock worth $221,000 after acquiring an additional 12,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hello Group by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,408,461 shares of the information services provider’s stock worth $13,868,000 after acquiring an additional 37,306 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Hello Group by 12.1% during the first quarter. QRG Capital Management Inc. now owns 21,964 shares of the information services provider’s stock worth $127,000 after acquiring an additional 2,372 shares during the last quarter. 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.