Park Avenue Securities LLC Buys 308 Shares of Match Group, Inc. (NASDAQ:MTCH)

Park Avenue Securities LLC raised its holdings in Match Group, Inc. (NASDAQ:MTCHGet Rating) by 6.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,354 shares of the technology company’s stock after purchasing an additional 308 shares during the quarter. Park Avenue Securities LLC’s holdings in Match Group were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Institutional & Family Asset Management LLC raised 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 buying an additional 171 shares during the period. Capital Impact Advisors LLC raised its stake in Match Group by 3.4% in the second quarter. Capital Impact Advisors LLC now owns 5,720 shares of the technology company’s stock valued at $399,000 after buying an additional 189 shares during the period. Zions Bancorporation N.A. increased its stake 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. Northwestern Mutual Wealth Management Co. increased its stake in shares of Match Group by 7.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,104 shares of the technology company’s stock worth $217,000 after purchasing an additional 225 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Match Group by 38.9% during the third quarter. Allworth Financial LP now owns 817 shares of the technology company’s stock worth $39,000 after purchasing an additional 229 shares during the period. Institutional investors own 93.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MTCH shares. New Street Research started 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. KeyCorp increased their target price on Match Group from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, November 3rd. Piper Sandler lowered their target price on Match Group from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, January 6th. Truist Financial lowered their target price on Match Group from $68.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, October 24th. Finally, Evercore ISI reduced their price target on 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 assigned a buy rating to the company’s stock. According to MarketBeat, Match Group presently has an average rating of “Moderate Buy” and a consensus price target of $81.92.

Match Group Stock Up 3.3 %

Shares of NASDAQ:MTCH opened at $52.07 on Tuesday. The firm has a market cap of $14.54 billion, a P/E ratio of 157.79, a P/E/G 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 business has a fifty day simple moving average of $44.91 and a 200 day simple moving average of $52.43.

Match Group (NASDAQ:MTCHGet Rating) last announced its earnings results 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 company 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%. As a group, equities 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.

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

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