RFG Advisory LLC Purchases 944 Shares of Match Group, Inc. (NASDAQ:MTCH)

RFG Advisory LLC lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,096 shares of the technology company’s stock after acquiring an additional 944 shares during the quarter. RFG Advisory LLC’s holdings in Match Group were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MTCH. Acadian Asset Management LLC increased its position in shares of Match Group by 73.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,082 shares of the technology company’s stock valued at $224,000 after purchasing an additional 884 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Match Group by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock worth $91,374,000 after buying an additional 26,902 shares during the last quarter. Aviva PLC raised its position in Match Group by 4.0% in the first quarter. Aviva PLC now owns 90,746 shares of the technology company’s stock worth $9,868,000 after acquiring an additional 3,455 shares during the period. Prudential PLC bought a new stake in Match Group in the first quarter worth about $279,000. Finally, Vanguard Group Inc. boosted its stake in Match Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock valued at $3,170,951,000 after acquiring an additional 500,418 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MTCH. 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. Piper Sandler reissued an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Raymond James assumed coverage on shares of Match Group in a report on Thursday, April 4th. They set a “market perform” rating on the stock. Citigroup increased their target price on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.39.

Match Group Stock Down 3.3 %

Match Group stock opened at $32.68 on Friday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.54 and a beta of 1.41. The business has a 50-day simple moving average of $35.32 and a 200 day simple moving average of $35.07. Match Group, Inc. has a 52 week low of $27.85 and a 52 week high of $49.24.

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

Match Group Company 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.