Strs Ohio Increases Stake in Match Group, Inc. (NASDAQ:MTCH)

Strs Ohio increased its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,500 shares of the technology company's stock after acquiring an additional 32,500 shares during the quarter. Strs Ohio's holdings in Match Group were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in MTCH. Covestor Ltd lifted its holdings in Match Group by 161.3% in the 1st quarter. Covestor Ltd now owns 742 shares of the technology company's stock worth $81,000 after buying an additional 458 shares during the period. State of Wyoming purchased a new stake in Match Group in the second quarter worth $38,000. VisionPoint Advisory Group LLC bought a new stake in Match Group in the third quarter valued at $40,000. Massmutual Trust Co. FSB ADV increased its position in Match Group by 46.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company's stock valued at $42,000 after purchasing an additional 361 shares during the period. Finally, AM Squared Ltd bought a new position in Match Group in the 1st quarter worth $46,000. Institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MTCH. StockNews.com lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, April 4th. Morgan Stanley downgraded Match Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $53.00 to $37.00 in a report on Thursday. KeyCorp increased their target price on Match Group from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. Citigroup lifted their price target on Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.95.

Match Group Trading Down 0.1 %

MTCH traded down $0.04 during trading on Friday, hitting $32.18. 4,041,548 shares of the company's stock traded hands, compared to its average volume of 5,832,991. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.51 and a beta of 1.41. The company's 50 day simple moving average is $35.06 and its two-hundred day simple moving average is $34.85. Match Group, Inc. has a 12-month low of $27.85 and a 12-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 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. On average, equities analysts expect that Match Group, Inc. will post 2.17 EPS for the current year.

Match Group Company Profile

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.