Raymond James & Associates trimmed its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 34.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,370 shares of the technology company's stock after selling 107,599 shares during the period. Raymond James & Associates owned 0.08% of Match Group worth $7,569,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new position in Match Group during the second quarter worth $38,000. VisionPoint Advisory Group LLC bought a new position in shares of Match Group in the 3rd quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company's stock worth $42,000 after purchasing an additional 361 shares during the last quarter. AM Squared Ltd bought a new stake in Match Group during the first quarter worth approximately $46,000. Finally, Harbour Investments Inc. grew its holdings in Match Group by 44.6% during the first quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company's stock valued at $47,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MTCH shares. UBS Group boosted their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. Raymond James assumed coverage on shares of Match Group in a research report on Thursday. They set a "market perform" rating for the company. KeyCorp raised their price target on Match Group from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. Citigroup increased their target price on Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.58.
Read Our Latest Stock Report on MTCH
Match Group Price Performance
Shares of Match Group stock traded up $0.34 during trading on Monday, hitting $34.05. 2,651,677 shares of the company's stock traded hands, compared to its average volume of 6,029,171. The company has a market cap of $9.13 billion, a PE ratio of 14.79, a PEG ratio of 0.54 and a beta of 1.41. The firm's fifty day moving average price is $35.74 and its 200 day moving average price is $35.25. Match Group, Inc. has a twelve month low of $27.85 and a twelve month high of $49.24.
Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. During the same period in the previous year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current year.
About Match Group
(
Free Report)
Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.
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