Hello Group Inc. (NASDAQ:MOMO) Position Reduced by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its holdings in Hello Group Inc. (NASDAQ:MOMO) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,971 shares of the information services provider’s stock after selling 46,717 shares during the quarter. GSA Capital Partners LLP’s holdings in Hello Group were worth $1,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MOMO. First Beijing Investment Ltd acquired a new position in Hello Group in the third quarter worth approximately $30,773,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in Hello Group in the second quarter worth approximately $22,553,000. Acadian Asset Management LLC grew its position in Hello Group by 26.4% during the 1st quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider’s stock worth $45,781,000 after purchasing an additional 1,538,632 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Hello Group by 994.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider’s stock worth $10,043,000 after purchasing an additional 1,469,500 shares in the last quarter. Finally, Polunin Capital Partners Ltd purchased a new position in Hello Group during the 2nd quarter worth approximately $4,566,000. Institutional investors and hedge funds own 50.96% of the company’s stock.

Hello Group Trading Up 0.3 %

Hello Group stock opened at $6.72 on Friday. The company’s fifty day simple moving average is $6.96 and its 200-day simple moving average is $6.49. 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 12 month low of $4.79 and a 12 month high of $8.19. The stock has a market cap of $973.73 million, a P/E ratio of 6.72, a P/E/G ratio of 2.09 and a beta of 0.54.

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, beating the consensus estimate of $0.25 by $2.13. Hello Group had a net margin of 12.40% and a return on equity of 12.09%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the company posted $0.39 EPS. Hello Group’s revenue was down 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Hello Group Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

MOMO has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on shares of Hello Group from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America cut shares of Hello Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Hello Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Benchmark lowered their price objective 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.93.

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.