6,557 Shares in Match Group, Inc. (NASDAQ:MTCH) Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) in the 4th quarter, Holdings Channel reports. The fund acquired 6,557 shares of the technology company’s stock, valued at approximately $239,000.

Several other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its position 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 purchasing an additional 361 shares during the last quarter. Greenwich Wealth Management LLC boosted its stake in shares of Match Group by 1.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock worth $700,000 after buying an additional 361 shares during the period. Blair William & Co. IL grew its holdings in shares of Match Group by 4.4% during the third quarter. Blair William & Co. IL now owns 8,941 shares of the technology company’s stock worth $350,000 after buying an additional 373 shares during the last quarter. Global Retirement Partners LLC increased its position in Match Group by 23.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock valued at $79,000 after acquiring an additional 410 shares during the period. Finally, Arizona State Retirement System raised its stake in Match Group by 0.6% during the 4th quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock valued at $2,790,000 after acquiring an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp lowered their target price on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday. Citigroup increased their price target on Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Piper Sandler reissued an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. UBS Group raised their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.82.

Match Group Price Performance

MTCH stock opened at $31.51 on Wednesday. The company’s 50 day simple moving average is $33.77 and its 200-day simple moving average is $34.34. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24. The firm has a market capitalization of $8.44 billion, a PE ratio of 13.82, a P/E/G ratio of 0.51 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The firm had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Match Group’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Match Group, Inc. will post 2.16 earnings per share for the current year.

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.