Hussman Strategic Advisors Inc. Purchases New Stake in Match Group Inc. $MTCH

Key Points

• Hussman Strategic Advisors bought a new stake of 84,000 shares in Match Group (NASDAQ:MTCH) during Q4, valued at approximately $2.712 million.
• About 94.05% of Match Group's stock is owned by institutional investors and hedge funds, with several other firms making small additions or reductions to their holdings in recent quarters.
• Analyst coverage is mixed — five Buy and nine Hold ratings result in a MarketBeat consensus target of $36.42 and an average rating of "Hold," amid recent price-target cuts and a few upgrades.

Hussman Strategic Advisors Inc. purchased a new stake in Match Group Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,000 shares of the technology company's stock, valued at approximately $2,712,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Match Group in the third quarter valued at $27,000. Activest Wealth Management raised its holdings in Match Group by 6,523.1% in the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company's stock valued at $28,000 after acquiring an additional 848 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Match Group in the third quarter valued at $28,000. Rossby Financial LCC raised its holdings in Match Group by 126.5% in the third quarter. Rossby Financial LCC now owns 906 shares of the technology company's stock valued at $31,000 after acquiring an additional 506 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Match Group in the third quarter valued at $37,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTCH has been the topic of several recent analyst reports. Truist Financial cut their price target on shares of Match Group from $35.00 to $34.00 and set a "hold" rating on the stock in a report on Wednesday, February 4th. Weiss Ratings raised shares of Match Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of Match Group from a "hold" rating to a "buy" rating in a report on Sunday, April 26th. Morgan Stanley set a $35.00 price target on shares of Match Group in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Match Group from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $36.42.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $38.67 on Friday. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. Match Group Inc. has a 1-year low of $26.80 and a 1-year high of $39.20. The company's fifty day moving average is $32.42 and its two-hundred day moving average is $32.31.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.17). The business had revenue of $878.01 million for the quarter, compared to analyst estimates of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The firm's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. Sell-side analysts expect that Match Group Inc. will post 3.05 EPS for the current fiscal year.

Match Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Match Group's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, April 7th. Match Group's dividend payout ratio is currently 33.61%.

Match Group 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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