Caprock Group LLC Invests $185,000 in Hello Group Inc. (NASDAQ:MOMO)

Caprock Group LLC purchased a new stake in shares of Hello Group Inc. (NASDAQ:MOMO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,279 shares of the information services provider’s stock, valued at approximately $185,000.

A number of other large investors have also recently added to or reduced their stakes in MOMO. Blue Trust Inc. raised its position in Hello Group by 472.1% in the third quarter. Blue Trust Inc. now owns 3,873 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 3,196 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Hello Group in the 2nd quarter valued at about $68,000. Kathmere Capital Management LLC acquired a new position in Hello Group in the second quarter valued at about $74,000. Vanguard Personalized Indexing Management LLC purchased a new position in Hello Group during the second quarter worth about $87,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Hello Group during the third quarter valued at about $125,000. 50.96% of the stock is currently owned by institutional investors and hedge funds.

Hello Group Stock Down 3.0 %

Shares of NASDAQ MOMO opened at $6.36 on Monday. The stock has a market cap of $921.56 million, a P/E ratio of 6.36, a PEG ratio of 2.01 and a beta of 0.54. The business’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $6.52. Hello Group Inc. has a 12-month low of $4.79 and a 12-month high of $8.19. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17.

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

Analysts Set New Price Targets

Several brokerages have recently commented on MOMO. Bank of America lowered shares of Hello Group from a “buy” rating to an “underperform” rating in a report on Wednesday, November 6th. StockNews.com lowered Hello Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Benchmark cut their price objective on Hello Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Jefferies Financial Group raised their target price on Hello Group from $6.50 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.93.

Hello Group 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.