Foguth Wealth Management LLC. Acquires Shares of 11,281 Match Group, Inc. (NASDAQ:MTCH)

Foguth Wealth Management LLC. acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,281 shares of the technology company’s stock, valued at approximately $409,000.

Several other large investors also recently bought and sold shares of MTCH. Norges Bank acquired a new stake in shares of Match Group during the fourth quarter worth approximately $112,903,000. Bank of Nova Scotia grew its position in shares of Match Group by 17,295.4% during the fourth quarter. Bank of Nova Scotia now owns 2,155,632 shares of the technology company’s stock worth $78,678,000 after buying an additional 2,143,240 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock worth $324,174,000 after buying an additional 2,130,646 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Match Group during the fourth quarter worth approximately $47,613,000. Finally, Schroder Investment Management Group grew its position in shares of Match Group by 290.8% during the fourth quarter. Schroder Investment Management Group now owns 1,566,334 shares of the technology company’s stock worth $57,171,000 after buying an additional 1,165,576 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MTCH shares. UBS Group reduced their price objective on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Monday, June 24th. Royal Bank of Canada reduced their price objective on Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. Susquehanna cut their target price on Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a research note on Monday, May 13th. Finally, TD Cowen cut their target price on Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Match Group currently has an average rating of “Moderate Buy” and an average price target of $42.67.

Match Group Trading Down 0.2 %

NASDAQ:MTCH traded down $0.07 on Friday, hitting $30.38. 11,048,735 shares of the company’s stock traded hands, compared to its average volume of 4,528,267. The company has a market cap of $8.07 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.46. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $49.24. The firm has a 50-day moving average price of $30.93 and a 200-day moving average price of $33.97.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $860.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. On average, research analysts forecast 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.