Garden State Investment Advisory Services LLC Has $423,000 Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Garden State Investment Advisory Services LLC lifted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 43.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,931 shares of the technology company’s stock after acquiring an additional 4,203 shares during the period. Garden State Investment Advisory Services LLC’s holdings in Match Group were worth $423,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Empirical Finance LLC boosted its holdings in Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after purchasing an additional 326 shares during the period. Prestige Wealth Management Group LLC grew its position in Match Group by 8.9% during the second quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after buying an additional 357 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Match Group by 6.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock worth $283,000 after acquiring an additional 478 shares during the period. Natixis Investment Managers International increased its stake in Match Group by 14.4% during the 1st quarter. Natixis Investment Managers International now owns 4,241 shares of the technology company’s stock worth $154,000 after acquiring an additional 533 shares during the period. Finally, Assetmark Inc. raised its holdings in Match Group by 47.7% in the 4th quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock valued at $63,000 after acquiring an additional 562 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial increased their target price on Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley dropped their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Citigroup upped their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group Price Performance

Match Group stock opened at $36.30 on Friday. The business has a 50 day moving average of $35.58 and a 200-day moving average of $33.29. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42. The company has a market capitalization of $9.36 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Equities analysts anticipate that Match Group, Inc. will post 1.98 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.