Stonegate Investment Group LLC acquired a new stake in Match Group, Inc. (NASDAQ:MTCH – Get Rating) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,388 shares of the technology company’s stock, valued at approximately $316,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC raised its stake in shares of Match Group by 7.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 7,299 shares of the technology company’s stock valued at $965,000 after acquiring an additional 520 shares during the last quarter. Citizens Financial Group Inc RI increased its position in Match Group by 5.9% during the fourth quarter. Citizens Financial Group Inc RI now owns 12,178 shares of the technology company’s stock valued at $1,611,000 after acquiring an additional 682 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in Match Group by 5.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 14,108 shares of the technology company’s stock worth $1,866,000 after buying an additional 728 shares in the last quarter. Covestor Ltd bought a new position in shares of Match Group in the fourth quarter worth about $38,000. Finally, International Assets Investment Management LLC boosted its stake in Match Group by 38.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,325 shares of the technology company’s stock valued at $307,000 after buying an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.
MTCH has been the subject of a number of research reports. BMO Capital Markets raised shares of Match Group from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Wednesday, March 9th. Piper Sandler cut their price target on shares of Match Group from $160.00 to $125.00 in a report on Wednesday, May 4th. StockNews.com raised shares of Match Group from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley cut their target price on shares of Match Group from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 3rd. Finally, Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Tuesday, March 8th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $131.89.
Match Group (NASDAQ:MTCH – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Match Group had a net margin of 9.12% and a negative return on equity of 220.83%. The business had revenue of $798.63 million during the quarter, compared to analysts’ expectations of $795.03 million. During the same period last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts expect that Match Group, Inc. will post 2.65 EPS for the current fiscal year.
Match Group Company Profile (Get Rating)
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
- Get a free copy of the StockNews.com research report on Match Group (MTCH)
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