Stratos Wealth Partners LTD. Purchases Shares of 11,060 Match Group, Inc. (NASDAQ:MTCH)

Stratos Wealth Partners LTD. acquired a new position in Match Group, Inc. (NASDAQ:MTCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,060 shares of the technology company’s stock, valued at approximately $404,000.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd increased its holdings in Match Group by 161.3% in the 1st quarter. Covestor Ltd now owns 742 shares of the technology company’s stock valued at $81,000 after purchasing an additional 458 shares in the last quarter. State of Wyoming purchased a new stake in shares of Match Group during the 2nd quarter valued at about $38,000. VisionPoint Advisory Group LLC acquired a new position in Match Group during the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after acquiring an additional 361 shares during the period. Finally, AM Squared Ltd purchased a new position in Match Group in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 3.3 %

Shares of NASDAQ MTCH opened at $32.68 on Friday. Match Group, Inc. has a 12-month low of $27.85 and a 12-month high of $49.24. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.52 and a beta of 1.41. The stock’s 50 day simple moving average is $35.32 and its 200 day simple moving average is $35.03.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $861.31 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts forecast that Match Group, Inc. will post 2.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTCH. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Match Group in a research report on Wednesday, March 27th. UBS Group boosted their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Raymond James started coverage on Match Group in a research note on Thursday, April 4th. They set a “market perform” rating for the company. KeyCorp increased their price target on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and a consensus price target of $46.39.

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.