Hello Group (NASDAQ:MOMO) Share Price Crosses Below 200-Day Moving Average of $6.49

Hello Group Inc. (NASDAQ:MOMO) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.49 and traded as low as $5.98. Hello Group shares last traded at $6.13, with a volume of 1,332,490 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MOMO. StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Benchmark cut their target price on Hello Group from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

Hello Group Price Performance

The firm has a market cap of $1.15 billion, a PE ratio of 4.44 and a beta of 0.67. The firm has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $6.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.72 and a current ratio of 3.74.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $422.95 million during the quarter, compared to the consensus estimate of $447.28 million. Hello Group had a net margin of 16.27% and a return on equity of 17.23%. Equities analysts predict that Hello Group Inc. will post 1.46 EPS for the current fiscal year.

Hello Group Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were paid a $0.52 dividend. This represents a dividend yield of 8.97%. The ex-dividend date was Thursday, April 11th.

Institutional Investors Weigh In On Hello Group

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Hello Group during the 4th quarter worth $28,000. Van ECK Associates Corp purchased a new position in Hello Group during the 3rd quarter worth $55,000. Tower Research Capital LLC TRC increased its holdings in Hello Group by 10,987.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,311 shares of the information services provider’s stock worth $72,000 after purchasing an additional 10,218 shares during the period. D Orazio & Associates Inc. purchased a new position in Hello Group during the 4th quarter worth $79,000. Finally, SG Americas Securities LLC purchased a new position in Hello Group during the 4th quarter worth $124,000. 50.96% of the stock is owned by 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.