Mirae Asset Global Investments Co. Ltd. Purchases 21,588 Shares of Match Group, Inc. (NASDAQ:MTCH)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,133 shares of the technology company’s stock after buying an additional 21,588 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Match Group worth $9,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming acquired a new stake in shares of Match Group during the 2nd quarter worth approximately $38,000. VisionPoint Advisory Group LLC bought a new stake in Match Group in the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV boosted its stake in Match Group by 46.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after acquiring an additional 361 shares during the last quarter. AM Squared Ltd bought a new position in shares of Match Group during the 1st quarter valued at approximately $46,000. Finally, Harbour Investments Inc. increased its stake in shares of Match Group by 44.6% during the 1st quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Trading Down 3.3 %

MTCH stock opened at $32.68 on Friday. The company’s 50 day moving average is $35.32 and its 200 day moving average is $35.07. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41. Match Group, Inc. has a 1-year low of $27.85 and a 1-year high of $49.24.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MTCH. KeyCorp upped their price objective on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. UBS Group lifted their price objective on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Raymond James assumed coverage on shares of Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. dropped their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.39.

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.