Match Group, Inc. (NASDAQ:MTCH) Holdings Raised by Guggenheim Capital LLC

Guggenheim Capital LLC increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 33.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,027 shares of the technology company’s stock after acquiring an additional 7,839 shares during the period. Guggenheim Capital LLC’s holdings in Match Group were worth $1,191,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Match Group by 161.3% in the 1st quarter. Covestor Ltd now owns 742 shares of the technology company’s stock worth $81,000 after acquiring an additional 458 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Match Group by 359.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,057 shares of the technology company’s stock worth $44,000 after acquiring an additional 827 shares in the last quarter. CI Investments Inc. lifted its stake in Match Group by 83.5% in the 4th quarter. CI Investments Inc. now owns 1,059 shares of the technology company’s stock worth $44,000 after acquiring an additional 482 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Match Group in the 4th quarter worth about $50,000. Finally, Money Concepts Capital Corp lifted its stake in Match Group by 27.0% in the 4th quarter. Money Concepts Capital Corp now owns 1,209 shares of the technology company’s stock worth $50,000 after acquiring an additional 257 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Down 0.9 %

Shares of NASDAQ:MTCH opened at $46.46 on Friday. The business has a 50 day moving average price of $44.74 and a 200 day moving average price of $40.02. Match Group, Inc. has a twelve month low of $30.73 and a twelve month high of $63.47. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 0.80 and a beta of 1.36.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Match Group had a negative return on equity of 121.94% and a net margin of 14.68%. The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate of $811.55 million. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts anticipate that Match Group, Inc. will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other Match Group news, Director Ann Mcdaniel sold 8,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $45.82, for a total value of $400,237.70. Following the completion of the sale, the director now owns 12,516 shares in the company, valued at approximately $573,483.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 9,735 shares of company stock worth $444,013. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MTCH shares. StockNews.com started coverage on Match Group in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Piper Sandler upped their target price on Match Group from $55.00 to $60.00 in a research report on Friday, July 14th. Stifel Nicolaus upped their target price on Match Group from $37.00 to $44.00 in a research report on Thursday, August 3rd. Morgan Stanley upped their target price on Match Group from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Truist Financial upped their target price on Match Group from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.77.

About Match Group

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.