Match Group, Inc. (NASDAQ:MTCH) Shares Bought by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 18.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,436 shares of the technology company’s stock after acquiring an additional 5,920 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Match Group were worth $1,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTCH. Principal Securities Inc. bought a new position in Match Group during the fourth quarter valued at about $31,000. Mather Group LLC. acquired a new position in Match Group in the first quarter worth approximately $33,000. VisionPoint Advisory Group LLC acquired a new position in Match Group in the third quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Match Group by 46.0% during the 4th 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. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,089 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MTCH shares. TD Cowen reduced their price target on shares of Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Raymond James started coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating on the stock. Morgan Stanley downgraded shares of Match Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $37.00 in a report on Thursday, April 18th. KeyCorp decreased their price objective on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Finally, Susquehanna cut their target price on Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a report on Monday, May 13th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Match Group Stock Down 0.6 %

MTCH traded down $0.18 during midday trading on Friday, reaching $30.27. 878,013 shares of the company’s stock were exchanged, compared to its average volume of 5,507,393. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.51 and a beta of 1.46. The business has a 50-day simple moving average of $31.00 and a two-hundred day simple moving average of $33.99.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The firm had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. During the same period in the prior year, the business posted $0.42 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Match Group, Inc. will post 2.11 EPS for the current fiscal year.

Match Group Profile

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.