AXQ Capital LP Takes $1.63 Million Position in Match Group Inc. $MTCH

AXQ Capital LP bought a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 42,824 shares of the technology company's stock, valued at approximately $1,629,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Match Group by 1.9% in the second quarter. Versant Capital Management Inc now owns 15,463 shares of the technology company's stock valued at $588,000 after acquiring an additional 289 shares in the last quarter. Bessemer Group Inc. lifted its stake in Match Group by 3.1% in the first quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company's stock worth $317,000 after acquiring an additional 311 shares during the last quarter. Bollard Group LLC increased its position in shares of Match Group by 0.6% in the 1st quarter. Bollard Group LLC now owns 52,928 shares of the technology company's stock valued at $1,625,000 after purchasing an additional 322 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Match Group by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company's stock valued at $133,000 after purchasing an additional 326 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company's stock worth $33,000 after purchasing an additional 356 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: AI matchmaking expansion into Europe: Match Group is extending its AI-powered matchmaking efforts into European markets. The initiative could improve user engagement, matching quality and monetization across Tinder and other platforms, although financial benefits have not yet been quantified. Match Group Pushes AI Matchmaking Into Europe
• Positive Sentiment: Post-earnings share momentum: MTCH has risen 11.2% since its latest earnings report, when adjusted earnings of $0.70 per share exceeded the $0.65 consensus estimate. The stock also recently reached a 52-week high, indicating improved investor confidence despite a modest year-over-year revenue decline. Why Is Match Group Up Since Last Earnings Report? Match Group Stock Hits 52-Week High
• Neutral Sentiment: Product innovation remains a key focus: Tinder’s product and engineering teams highlighted faster product development and ongoing innovation. The update supports the long-term engagement thesis but provided no new guidance or specific revenue targets. Match Group Tinder Product Innovation Transcript
• Negative Sentiment: Director reduced her holdings: Director Ann McDaniel sold 3,531 shares for approximately $149,820 at an average price of $42.43, reducing her direct ownership by 11.63%. While the sale is relatively small and may be personal or routine, insider selling can weigh on sentiment, particularly with MTCH trading near recent highs. Match Group Director Sells Shares
• Negative Sentiment: Higher wages could reinforce Fed concerns: U.S. average hourly earnings accelerated to 0.3% month over month from 0.1%, potentially increasing inflation and interest-rate concerns. Higher-for-longer rates can pressure valuation multiples for consumer and internet companies such as Match Group. Wage Growth Surges and Raises Fed Concerns

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MTCH shares. Morgan Stanley set a $40.00 target price on shares of Match Group in a research note on Wednesday, August 5th. Zacks Research upgraded Match Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. assumed coverage on Match Group in a report on Monday, August 24th. They issued a "neutral" rating and a $43.00 price objective on the stock. Finally, TD Cowen cut their target price on Match Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.46.

Insider Buying and Selling at Match Group

In other Match Group news, Director Glenn Schiffman acquired 3,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the purchase, the director directly owned 56,370 shares in the company, valued at $2,064,833.10. This represents a 5.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen Bailey sold 4,760 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $42.26, for a total transaction of $201,157.60. Following the completion of the sale, the director directly owned 11,742 shares of the company's stock, valued at $496,216.92. The trade was a 28.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,291 shares of company stock worth $976,478 in the last quarter. Company insiders own 0.71% of the company's stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $41.86 on Friday. The business's fifty day moving average price is $39.24 and its two-hundred day moving average price is $35.63. The stock has a market cap of $9.61 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.32. Match Group Inc. has a one year low of $28.81 and a one year high of $43.47.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The business had revenue of $853.11 million during the quarter, compared to analyst estimates of $857.77 million. During the same quarter in the previous year, the business posted $0.49 earnings per share. The company's revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Match Group Inc. will post 3.31 earnings per share for the current fiscal year.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 5th. Match Group's dividend payout ratio is 28.27%.

Match Group Company Profile

Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

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