Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by RFG Advisory LLC

RFG Advisory LLC lifted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 16.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,270 shares of the technology company’s stock after purchasing an additional 1,174 shares during the quarter. RFG Advisory LLC’s holdings in Match Group were worth $300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of Match Group during the 4th quarter valued at $31,000. Mather Group LLC. bought a new stake in Match Group in the first quarter worth about $33,000. VisionPoint Advisory Group LLC bought a new stake in Match Group in the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV lifted its holdings in Match Group by 46.0% in 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 during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 purchasing an additional 1,089 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna cut their target price on shares of Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 13th. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. TD Cowen cut their target price on Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Royal Bank of Canada decreased their price target on Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Raymond James started coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.43.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $30.24 on Wednesday. The business has a 50 day simple moving average of $31.04 and a 200 day simple moving average of $34.02. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $49.24. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.52 and a beta of 1.46.

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

Match Group 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.