Raymond James Financial Services Advisors Inc. raised its position in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 18.0% during the 3rd quarter, Holdings Channel reports. The fund owned 83,409 shares of the technology company’s stock after purchasing an additional 12,699 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Match Group were worth $3,983,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of Match Group during the third quarter worth about $26,000. Zions Bancorporation N.A. increased its position in shares of Match Group by 122.3% in the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock valued at $29,000 after buying an additional 225 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Match Group in the second quarter valued at approximately $30,000. Allworth Financial LP increased its position in shares of Match Group by 38.9% in the third quarter. Allworth Financial LP now owns 817 shares of the technology company’s stock valued at $39,000 after buying an additional 229 shares in the last quarter. Finally, Institutional & Family Asset Management LLC increased its position in shares of Match Group by 42.1% during the second quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock worth $40,000 after purchasing an additional 171 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
MTCH has been the subject of several analyst reports. Jefferies Financial Group dropped their target price on Match Group from $90.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Needham & Company LLC started coverage on Match Group in a research note on Tuesday, January 3rd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. decreased their price target on Match Group from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, November 3rd. KeyCorp upped their price target on Match Group from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Finally, New Street Research initiated coverage on Match Group in a research note on Wednesday, January 4th. They set a “buy” rating and a $54.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.92.
Match Group Stock Performance
Match Group (NASDAQ:MTCH – Get Rating) last issued its quarterly earnings data on Tuesday, November 1st. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $809.55 million for the quarter, compared to analyst estimates of $793.03 million. Match Group had a negative return on equity of 94.07% and a net margin of 3.39%. As a group, equities research analysts predict that Match Group, Inc. will post 1.4 earnings per share for the current year.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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