Match Group, Inc. (NASDAQ:MTCH) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 304.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,511 shares of the technology company's stock after acquiring an additional 116,266 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Match Group worth $5,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 stake in shares of Match Group by 46.0% during the fourth 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 in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Match Group by 432.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company's stock valued at $49,000 after purchasing an additional 1,089 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Match Group in the 4th quarter worth approximately $55,000. Finally, Global Retirement Partners LLC grew its stake in shares of Match Group by 23.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company's stock worth $79,000 after buying an additional 410 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

Shares of NASDAQ:MTCH traded down $0.58 during midday trading on Wednesday, hitting $31.36. The company had a trading volume of 4,974,185 shares, compared to its average volume of 5,846,292. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $49.24. The company has a fifty day moving average of $33.30 and a two-hundred day moving average of $34.18. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.52 and a beta of 1.43.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The business had revenue of $860.00 million during the quarter, compared to analysts' expectations of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. Research analysts expect that Match Group, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MTCH shares. Royal Bank of Canada cut their target price on Match Group from $43.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, May 9th. UBS Group reduced their price objective on shares of Match Group from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Thursday, May 9th. Wells Fargo & Company decreased their target price on shares of Match Group from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, May 9th. Piper Sandler reiterated an "overweight" rating and set a $45.00 price target on shares of Match Group in a report on Wednesday, March 27th. Finally, StockNews.com downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research report on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.43.

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.