Louisiana State Employees Retirement System Purchases Shares of 16,400 Match Group, Inc. (NASDAQ:MTCH)

Louisiana State Employees Retirement System purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) during the fourth quarter, HoldingsChannel reports. The fund purchased 16,400 shares of the technology company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Wealth LLC bought a new stake in shares of Match Group in the fourth quarter worth about $240,000. Krilogy Financial LLC grew its position in Match Group by 42.0% in the fourth quarter. Krilogy Financial LLC now owns 15,529 shares of the technology company’s stock worth $567,000 after acquiring an additional 4,591 shares in the last quarter. RFG Advisory LLC grew its position in Match Group by 15.3% in the fourth quarter. RFG Advisory LLC now owns 7,096 shares of the technology company’s stock worth $259,000 after acquiring an additional 944 shares in the last quarter. International Assets Investment Management LLC grew its position in Match Group by 4,348.2% in the fourth quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock worth $2,918,000 after acquiring an additional 78,138 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in Match Group by 35.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 32,516 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 8,517 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MTCH. JPMorgan Chase & Co. dropped their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. KeyCorp lifted their price target on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Citigroup boosted their target price on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Match Group has an average rating of “Hold” and a consensus price target of $43.07.

Match Group Stock Up 0.6 %

Shares of NASDAQ:MTCH opened at $31.89 on Monday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41. Match Group, Inc. has a 52 week low of $27.85 and a 52 week high of $49.24. The firm has a 50 day moving average of $34.49 and a 200 day moving average of $34.57.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. Match Group’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, sell-side analysts expect that Match Group, Inc. will post 2.16 EPS for the current 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.