DRW Securities LLC Invests $500,000 in Match Group, Inc. (NASDAQ:MTCH)

DRW Securities LLC purchased a new position in shares of Match Group, Inc. (NASDAQ:MTCH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,395 shares of the technology company’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new position in Match Group during the 1st quarter worth approximately $28,000. Principal Securities Inc. acquired a new position in Match Group during the fourth quarter worth $31,000. Mather Group LLC. acquired a new position in Match Group during the first quarter worth $33,000. Fidelis Capital Partners LLC purchased a new position in Match Group in the first quarter worth $33,000. Finally, Riverview Trust Co acquired a new stake in Match Group in the first quarter valued at $57,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Performance

Shares of MTCH opened at $36.77 on Tuesday. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42. The company’s 50 day simple moving average is $35.68 and its 200 day simple moving average is $33.30. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.72 and a beta of 1.50.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Citigroup lifted their price target on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Wolfe Research began coverage on Match Group in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective for the company. Eight 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Match Group Company 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.