Seed Wealth Management Inc. Has $254,000 Holdings in Match Group, Inc. (NASDAQ:MTCH)

Seed Wealth Management Inc. decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,080 shares of the technology company’s stock after selling 500 shares during the period. Seed Wealth Management Inc.’s holdings in Match Group were worth $254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Match Group during the fourth quarter valued at $31,000. Mather Group LLC. acquired a new position in shares of Match Group in the 1st quarter valued at about $33,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Match Group in the third quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Match Group by 46.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after purchasing an additional 361 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Match Group by 432.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock valued at $49,000 after purchasing an additional 1,089 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Up 0.4 %

Match Group stock traded up $0.13 during mid-day trading on Thursday, reaching $30.45. The company had a trading volume of 7,176,566 shares, compared to its average volume of 5,545,021. The company has a 50 day moving average of $31.00 and a 200-day moving average of $33.99. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $49.24. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.51 and a beta of 1.46.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. On average, analysts predict that Match Group, Inc. will post 2.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTCH. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Match Group in a research note on Wednesday, March 27th. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Raymond James initiated coverage on Match Group in a research note on Thursday, April 4th. They set a “market perform” rating for the company. UBS Group lowered their price target on Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Wells Fargo & Company cut their price target on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Match Group has a consensus rating of “Moderate Buy” and an average price target of $42.43.

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.