SG Americas Securities LLC Makes New Investment in Hello Group Inc. (NASDAQ:MOMO)

SG Americas Securities LLC bought a new position in Hello Group Inc. (NASDAQ:MOMO) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,465 shares of the information services provider’s stock, valued at approximately $125,000.

Other institutional investors have also bought and sold shares of the company. Platinum Investment Management Ltd. raised its position in shares of Hello Group by 110.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 8,971 shares of the information services provider’s stock valued at $56,000 after buying an additional 4,700 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Hello Group during the 2nd quarter valued at approximately $68,000. Kathmere Capital Management LLC purchased a new stake in shares of Hello Group during the 2nd quarter valued at approximately $74,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hello Group during the 2nd quarter valued at approximately $87,000. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Hello Group during the 1st quarter valued at approximately $154,000. 50.96% of the stock is owned by hedge funds and other institutional investors.

Hello Group Stock Up 1.0 %

Shares of NASDAQ MOMO opened at $6.89 on Friday. The firm has a market cap of $998.36 million, a price-to-earnings ratio of 6.89, a PEG ratio of 2.16 and a beta of 0.54. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.17. Hello Group Inc. has a 52-week low of $4.79 and a 52-week high of $8.19. The business’s 50 day moving average is $6.86 and its two-hundred day moving average is $6.36.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings results on Tuesday, September 3rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $0.25 by $2.13. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Research analysts predict that Hello Group Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Benchmark reduced their price target on shares of Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Jefferies Financial Group lifted their price target on shares of Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, StockNews.com raised Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.93.

About Hello Group

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.