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

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) shares hit a new 52-week low during trading on Thursday . The company traded as low as $4.88 and last traded at $4.8850, with a volume of 245904 shares changing hands. The stock had previously closed at $4.93.

Analysts Set New Price Targets

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

Hello Group Stock Performance

The firm’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $5.86. The company has a market cap of $524.92 million, a P/E ratio of 4.98 and a beta of 0.45.

Hello Group (NASDAQ:MOMO) last issued its earnings results 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 net margin of 11.02% and a return on equity of 10.43%. The business had revenue of $365.91 million for the quarter, compared to analyst estimates of $363.62 million. During the same period in the prior year, the firm earned ($0.58) earnings per share. Hello Group’s revenue was down 5.1% on a year-over-year basis.

Institutional Trading of Hello Group

Large investors have recently made changes to their positions in the company. Athos Capital Ltd bought a new stake in Hello Group in the 4th quarter valued at about $47,359,000. LSV Asset Management boosted its holdings in Hello Group by 21.3% in the fourth quarter. LSV Asset Management now owns 3,565,971 shares of the information services provider’s stock worth $23,357,000 after acquiring an additional 626,152 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hello Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,408,461 shares of the information services provider’s stock valued at $13,868,000 after acquiring an additional 37,306 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Hello Group in the second quarter valued at approximately $6,176,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Hello Group during the second quarter valued at approximately $1,087,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

About Hello Group

Hello Group Inc, formerly known as Momo Inc, is a Chinese social networking and entertainment company. Founded in 2011, the company operates mobile applications that help users discover, connect and interact with one another through messaging, interest-based communities, live streaming and other digital services.

Its flagship Momo platform provides social networking features, including user profiles, messaging, livestreaming, short-form video and virtual gifting. Hello Group also operates Tantan, a dating and social discovery application acquired in 2018.