Match Group, Inc. (NASDAQ:MTCH) Holdings Raised by V Square Quantitative Management LLC

V Square Quantitative Management LLC boosted its stake in Match Group, Inc. (NASDAQ:MTCH) by 35.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,293 shares of the technology company’s stock after buying an additional 1,636 shares during the period. V Square Quantitative Management LLC’s holdings in Match Group were worth $230,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MTCH. Van ECK Associates Corp increased its position in shares of Match Group by 14.4% during the 3rd quarter. Van ECK Associates Corp now owns 5,828 shares of the technology company’s stock valued at $228,000 after purchasing an additional 734 shares during the period. Blair William & Co. IL raised its position in Match Group by 4.4% in the third quarter. Blair William & Co. IL now owns 8,941 shares of the technology company’s stock worth $350,000 after acquiring an additional 373 shares in the last quarter. Rhumbline Advisers lifted its holdings in Match Group by 1.1% in the 3rd quarter. Rhumbline Advisers now owns 578,920 shares of the technology company’s stock valued at $22,679,000 after acquiring an additional 6,246 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Match Group by 32.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 62,114 shares of the technology company’s stock valued at $2,418,000 after purchasing an additional 15,125 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Match Group by 6.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 11,421 shares of the technology company’s stock worth $447,000 after purchasing an additional 694 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MTCH shares. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Susquehanna cut their target price on Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a research report on Monday, May 13th. TD Cowen decreased their price target on Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company cut their price objective on Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.43.

Match Group Stock Performance

Shares of MTCH opened at $30.54 on Tuesday. The firm has a market cap of $8.11 billion, a PE ratio of 13.28, a PEG ratio of 0.53 and a beta of 1.46. The firm’s 50 day moving average price is $31.35 and its 200 day moving average price is $34.11. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $49.24.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. Match Group’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. On average, sell-side analysts anticipate that Match Group, Inc. will post 2.11 earnings per share for the current fiscal year.

About Match Group

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.