Hello Group (NASDAQ:MOMO) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.12 and traded as low as $6.67. Hello Group shares last traded at $6.67, with a volume of 1,691,670 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MOMO. Benchmark restated a "buy" rating and set a $13.00 target price on shares of Hello Group in a report on Thursday, March 13th. StockNews.com raised Hello Group from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Citigroup boosted their target price on Hello Group from $5.90 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.25.

Hello Group Stock Performance

The stock has a market cap of $951.99 million, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44. The business's 50 day moving average is $7.35 and its 200 day moving average is $7.13.

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Hello Group Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 4.18%.

Institutional Investors Weigh In On Hello Group

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Hello Group in the 4th quarter valued at approximately $35,000. Blue Trust Inc. grew its stake in shares of Hello Group by 62.3% in the 4th quarter. Blue Trust Inc. now owns 6,287 shares of the information services provider's stock valued at $48,000 after buying an additional 2,414 shares in the last quarter. Hsbc Holdings PLC bought a new position in Hello Group during the fourth quarter valued at approximately $79,000. Kathmere Capital Management LLC lifted its stake in Hello Group by 30.1% in the fourth quarter. Kathmere Capital Management LLC now owns 14,717 shares of the information services provider's stock valued at $113,000 after acquiring an additional 3,407 shares during the last quarter. Finally, Vident Advisory LLC grew its position in Hello Group by 34.0% in the fourth quarter. Vident Advisory LLC now owns 15,803 shares of the information services provider's stock worth $122,000 after acquiring an additional 4,009 shares in the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.