Hello Group (NASDAQ:MOMO) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.47 and traded as low as $6.78. Hello Group shares last traded at $6.91, with a volume of 1,130,652 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on MOMO. Zacks Research lowered Hello Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Wall Street Zen lowered Hello Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hello Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hello Group presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Hello Group Trading Up 1.8%

The firm has a market capitalization of $824.09 million, a price-to-earnings ratio of 7.76 and a beta of 0.25. The firm has a 50 day moving average price of $7.44 and a two-hundred day moving average price of $7.47.

Institutional Investors Weigh In On Hello Group

Several hedge funds have recently modified their holdings of the stock. US Bancorp DE raised its holdings in shares of Hello Group by 3.9% during the 1st quarter. US Bancorp DE now owns 78,397 shares of the information services provider’s stock valued at $495,000 after buying an additional 2,978 shares during the period. Loomis Sayles & Co. L P raised 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 buying an additional 4,113 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Hello Group during the 2nd quarter valued at about $41,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Hello Group by 45.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,375 shares of the information services provider’s stock valued at $189,000 after buying an additional 7,021 shares during the period. Finally, Vident Advisory LLC raised its holdings in shares of Hello Group by 48.9% during the 1st quarter. Vident Advisory LLC now owns 23,525 shares of the information services provider’s stock valued at $148,000 after buying an additional 7,722 shares during the period. 50.96% of the stock is currently 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.