Mather Group LLC. Acquires New Shares in Match Group, Inc. (NASDAQ:MTCH)

Mather Group LLC. acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 906 shares of the technology company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Match Group during the 4th quarter valued at approximately $31,000. VisionPoint Advisory Group LLC bought a new stake in Match Group during the 3rd quarter valued at $40,000. Massmutual Trust Co. FSB ADV raised its stake 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 acquiring an additional 361 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,089 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Match Group during the 4th quarter valued at $55,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Trading Down 0.7 %

NASDAQ:MTCH opened at $30.80 on Tuesday. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.52 and a beta of 1.46. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $49.24. The business’s fifty day moving average price is $31.07 and its 200 day moving average price is $34.03.

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

Wall Street Analysts Forecast Growth

MTCH has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. UBS Group cut their target price on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Susquehanna dropped their price objective on Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a research note on Monday, May 13th. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, TD Cowen cut their price objective on Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.43.

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.