Yousif Capital Management LLC Sells 1,367 Shares of Match Group, Inc. (NASDAQ:MTCH)

Yousif Capital Management LLC decreased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,707 shares of the technology company’s stock after selling 1,367 shares during the quarter. Yousif Capital Management LLC’s holdings in Match Group were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTCH. VisionPoint Advisory Group LLC acquired a new stake in shares of Match Group in the 3rd quarter valued at $40,000. Massmutual Trust Co. FSB ADV boosted 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 in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Match Group by 432.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,089 shares during the last quarter. GAMMA Investing LLC acquired a new position in Match Group during the fourth quarter worth about $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Match Group in the third quarter worth about $62,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $31.93 on Friday. The company’s 50 day moving average price is $34.07 and its 200-day moving average price is $34.45. Match Group, Inc. has a 52-week low of $27.85 and a 52-week high of $49.24. The company has a market capitalization of $8.56 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. The business 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Analysts forecast that Match Group, Inc. will post 2.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTCH shares. JPMorgan Chase & Co. decreased their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Raymond James initiated coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating on the stock. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $45.00 target price on shares of Match Group in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.07.

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.