Maven Securities LTD Takes $833,000 Position in Hello Group Inc. Sponsored ADR $MOMO

Maven Securities LTD purchased a new stake in Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 143,560 shares of the information services provider’s stock, valued at approximately $833,000. Maven Securities LTD owned approximately 0.13% of Hello Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MOMO. Ramsey Quantitative Systems acquired a new stake in Hello Group in the 2nd quarter worth about $26,000. EverSource Wealth Advisors LLC grew its position in shares of Hello Group by 249.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,439 shares of the information services provider’s stock worth $26,000 after purchasing an additional 3,170 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Hello Group during the second quarter worth approximately $41,000. Pinnacle Holdings LLC bought a new position in shares of Hello Group during the second quarter worth approximately $60,000. Finally, Quarry LP acquired a new stake in shares of Hello Group in the third quarter valued at approximately $65,000. 50.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MOMO. UBS Group set a $10.00 price target on Hello Group in a research note on Thursday, June 4th. Benchmark restated a “buy” rating on shares of Hello Group in a research note on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hello Group in a report on Monday, August 3rd. Finally, Wall Street Zen downgraded Hello Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.05.

Hello Group Stock Down 2.0%

MOMO stock opened at $5.26 on Wednesday. The company’s 50-day moving average price is $5.82 and its two-hundred day moving average price is $5.95. The firm has a market cap of $565.82 million, a P/E ratio of 5.37 and a beta of 0.45. Hello Group Inc. Sponsored ADR has a 12 month low of $5.05 and a 12 month high of $8.01.

Hello Group (NASDAQ:MOMO) last issued its quarterly earnings results on Thursday, September 3rd. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $365.91 million during the quarter, compared to the consensus estimate of $363.62 million. Hello Group had a net margin of 11.02% and a return on equity of 10.43%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.58) EPS.

About Hello Group

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.