Assetmark Inc. Has $35,000 Position in Match Group, Inc. (NASDAQ:MTCH)

Assetmark Inc. reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCHGet Rating) by 97.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 723 shares of the technology company’s stock after selling 28,588 shares during the quarter. Assetmark Inc.’s holdings in Match Group were worth $35,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MTCH. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of Match Group during the third quarter worth approximately $26,000. Zions Bancorporation N.A. boosted its holdings in shares of Match Group by 122.3% during the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock worth $29,000 after purchasing an additional 225 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Match Group in the second quarter valued at approximately $30,000. Allworth Financial LP lifted its stake in 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 acquiring an additional 229 shares during the last quarter. Finally, Institutional & Family Asset Management LLC lifted its stake in Match Group by 42.1% in the second quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after acquiring an additional 171 shares during the last quarter. 93.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTCH shares. Truist Financial reduced their target price on shares of Match Group from $68.00 to $56.00 and set a “hold” rating for the company in a research note on Monday, October 24th. UBS Group started coverage on shares of Match Group in a research note on Thursday, December 8th. They issued a “neutral” rating and a $46.00 target price for the company. Needham & Company LLC started coverage on shares of Match Group in a research note on Tuesday, January 3rd. They issued a “buy” rating for the company. The Goldman Sachs Group reduced their target price on shares of Match Group from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. Finally, Evercore ISI dropped their price target on shares of Match Group to $65.00 in a research report on Thursday, October 13th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.92.

Match Group Stock Up 5.4 %

NASDAQ:MTCH opened at $50.42 on Monday. The firm has a market capitalization of $14.08 billion, a PE ratio of 152.79, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Match Group, Inc. has a 12-month low of $38.64 and a 12-month high of $121.49. The firm has a 50-day moving average price of $44.84 and a 200 day moving average price of $52.59.

Match Group (NASDAQ:MTCHGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). The business had revenue of $809.55 million for the quarter, compared to the consensus estimate of $793.03 million. Match Group had a negative return on equity of 94.07% and a net margin of 3.39%. On average, research analysts expect that Match Group, Inc. will post 1.4 EPS for the current year.

About Match Group

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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