Hello Group Inc. Sponsored ADR (NASDAQ:MOMO – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.24 and traded as low as $5.79. Hello Group shares last traded at $5.87, with a volume of 493,472 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on MOMO shares. Weiss Ratings lowered shares of Hello Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. UBS Group set a $10.00 price objective on shares of Hello Group in a report on Thursday, June 4th. 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.05.
Check Out Our Latest Report on Hello Group
Hello Group Price Performance
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MOMO. OMERS ADMINISTRATION Corp boosted its position in shares of Hello Group by 13.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,000 shares of the information services provider’s stock worth $111,000 after acquiring an additional 2,000 shares during the last quarter. Cetera Investment Advisers increased its holdings in Hello Group by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 67,726 shares of the information services provider’s stock valued at $390,000 after acquiring an additional 2,096 shares during the last quarter. US Bancorp DE lifted its stake in Hello Group by 2.5% in the 3rd quarter. US Bancorp DE now owns 93,233 shares of the information services provider’s stock worth $692,000 after purchasing an additional 2,288 shares in the last quarter. ABN Amro Investment Solutions lifted its stake in Hello Group by 9.6% in the 4th quarter. ABN Amro Investment Solutions now owns 26,300 shares of the information services provider’s stock worth $172,000 after purchasing an additional 2,300 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Hello Group by 12.1% during the 1st quarter. QRG Capital Management Inc. now owns 21,964 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 2,372 shares during the last quarter. 50.96% of the stock is owned by hedge funds and other 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.
Featured Articles
- Five stocks we like better than Hello Group
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil Jalapeño: An Early Step to Massive AI Growth Potential
Receive News & Ratings for Hello Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hello Group and related companies with MarketBeat.com's FREE daily email newsletter.
