5 Best Dating Stocks to Buy Now

2. Momo Inc. (NASDAQ: MOMO)

Number of Hedge Fund Holders: 25 

Momo Inc. (NASDAQ: MOMO) is a Chinese social media company founded in 2011. It is placed second on our list of 10 best dating stocks to buy now. The stock has returned more than 9% to investors year-to-date. In addition to social media services, the firm also owns and runs a dating application for young adults named Tantan. The services offered by the company are primarily mobile-based. It has a market cap of over $3.2 billion and posted more than $2.3 billion in revenue last year. 

On May 17, investment advisory Morgan Stanley downgraded Momo Inc. (NASDAQ: MOMO) stock to Underweight from Equal Weight on the back of regulatory concerns and uncertainty regarding the results of certain strategic changes made by the firm.

In quarterly earnings results posted on June 8, Momo Inc. (NASDAQ: MOMO) reported earnings per share of $0.44, beating market estimates by $0.11. The revenue over the period was close to $530 million, missing market predictions by $3 million. 

At the end of the first quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $342.4 million in Momo Inc. (NASDAQ: MOMO), up from 24 in the preceding quarter worth $342.2 million.