Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its stake in Match Group, Inc. (NASDAQ:MTCH) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,331 shares of the technology company’s stock after selling 544 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Match Group were worth $891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Match Group during the 1st quarter worth about $28,000. Principal Securities Inc. acquired a new stake in shares of Match Group during the 4th quarter worth about $31,000. Mather Group LLC. acquired a new stake in shares of Match Group during the 1st quarter worth about $33,000. Fidelis Capital Partners LLC acquired a new stake in shares of Match Group during the 1st quarter worth about $33,000. Finally, Riverview Trust Co acquired a new stake in shares of Match Group during the 1st quarter worth about $57,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $35.02 on Monday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $44.66. The firm has a market capitalization of $9.03 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50. The stock’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $33.25.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The business had revenue of $864.07 million for the quarter, compared to analyst estimates of $856.51 million. During the same quarter last year, the company earned $0.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Match Group, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. TD Cowen raised their price objective on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their target price on Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Truist Financial raised their target price on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.07.

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.