Pacer Advisors Inc. Sells 154,137 Shares of Match Group, Inc. (NASDAQ:MTCH)

Pacer Advisors Inc. lessened its stake in shares of Match Group, Inc. (NASDAQ:MTCHFree Report) by 84.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,015 shares of the technology company’s stock after selling 154,137 shares during the period. Pacer Advisors Inc.’s holdings in Match Group were worth $1,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd raised its holdings in Match Group by 161.3% during the first 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. State of Wyoming bought a new stake in Match Group in the second quarter valued at approximately $38,000. VisionPoint Advisory Group LLC bought a new stake in Match Group in the third quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV raised its stake in Match Group by 46.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after buying an additional 361 shares during the period. Finally, AM Squared Ltd bought a new stake in Match Group in the first quarter valued at approximately $46,000. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MTCH. Piper Sandler restated an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. UBS Group upped their price objective on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. dropped their price objective on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company started coverage on Match Group in a research note on Thursday, December 7th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, KeyCorp upped their target price on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.58.

View Our Latest Analysis on Match Group

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $35.22 on Wednesday. The company has a market capitalization of $9.44 billion, a P/E ratio of 15.45, a P/E/G ratio of 0.58 and a beta of 1.41. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24. The business’s 50 day simple moving average is $35.97 and its 200 day simple moving average is $35.48.

Match Group (NASDAQ:MTCHGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The business had revenue of $866.00 million for the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, sell-side analysts anticipate that Match Group, Inc. will post 2.17 EPS for the current fiscal year.

About Match Group

(Free Report)

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.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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