Regent Investment Management LLC Sells 920 Shares of Match Group, Inc. (NASDAQ:MTCH)

Regent Investment Management LLC lessened its holdings in Match Group, Inc. (NASDAQ:MTCHGet Rating) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,892 shares of the technology company’s stock after selling 920 shares during the quarter. Regent Investment Management LLC’s holdings in Match Group were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. IFM Investors Pty Ltd boosted its stake in Match Group by 8.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 47,529 shares of the technology company’s stock worth $3,312,000 after acquiring an additional 3,889 shares during the last quarter. Krilogy Financial LLC boosted its stake in Match Group by 220.1% during the 2nd quarter. Krilogy Financial LLC now owns 11,450 shares of the technology company’s stock worth $798,000 after acquiring an additional 7,873 shares during the last quarter. EFG Asset Management Americas Corp. boosted its stake in Match Group by 10.6% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 24,321 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 2,331 shares during the last quarter. Private Advisor Group LLC boosted its stake in Match Group by 742.8% during the 2nd quarter. Private Advisor Group LLC now owns 80,086 shares of the technology company’s stock worth $5,581,000 after acquiring an additional 70,584 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its stake in Match Group by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 89,668 shares of the technology company’s stock valued at $6,249,000 after buying an additional 281 shares in the last quarter. Institutional investors own 94.43% of the company’s stock.

Insider Activity

In other news, CEO Bernard Jin Kim acquired 16,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $63.58 per share, with a total value of $1,017,280.00. Following the completion of the transaction, the chief executive officer now directly owns 16,000 shares of the company’s stock, valued at approximately $1,017,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Match Group Trading Down 2.9 %

Shares of NASDAQ:MTCH traded down $1.43 on Friday, hitting $47.13. The company had a trading volume of 83,900 shares, compared to its average volume of 3,003,144. The stock has a 50 day moving average price of $62.98 and a 200 day moving average price of $76.56. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 151.75, a P/E/G ratio of 0.61 and a beta of 1.22. Match Group, Inc. has a 1-year low of $48.46 and a 1-year high of $182.00.

Match Group (NASDAQ:MTCHGet Rating) last announced its earnings results on Tuesday, August 2nd. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $794.51 million during the quarter, compared to analysts’ expectations of $802.13 million. Match Group had a net margin of 3.48% and a negative return on equity of 164.13%. Sell-side analysts anticipate that Match Group, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of research reports. Cowen cut their price target on shares of Match Group from $128.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Truist Financial lowered shares of Match Group from a “buy” rating to a “hold” rating and cut their price target for the company from $145.00 to $68.00 in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Match Group from $125.00 to $105.00 in a research note on Tuesday, July 19th. BTIG Research downgraded shares of Match Group to a “neutral” rating in a report on Tuesday, August 9th. Finally, Cowen lowered their price objective on shares of Match Group from $128.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.59.

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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