Match Group, Inc. (NASDAQ:MTCH) Position Boosted by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC boosted its position in Match Group, Inc. (NASDAQ:MTCH) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,898 shares of the technology company’s stock after buying an additional 15,582 shares during the quarter. Galvin Gaustad & Stein LLC owned approximately 0.15% of Match Group worth $14,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Janney Montgomery Scott LLC boosted its stake in Match Group by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 79,782 shares of the technology company’s stock valued at $2,894,000 after acquiring an additional 2,083 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Match Group by 151.7% during the first quarter. GSA Capital Partners LLP now owns 22,854 shares of the technology company’s stock valued at $829,000 after acquiring an additional 13,774 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Match Group by 3.4% during the first quarter. Texas Permanent School Fund Corp now owns 56,113 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 1,869 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after acquiring an additional 326 shares during the period. Finally, Forsta AP Fonden increased its holdings in shares of Match Group by 44.2% in the 1st quarter. Forsta AP Fonden now owns 171,900 shares of the technology company’s stock worth $6,237,000 after acquiring an additional 52,700 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Match Group stock opened at $30.56 on Friday. The company has a 50 day moving average price of $36.70 and a 200 day moving average price of $33.96. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.79 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $895.48 million during the quarter, compared to analysts’ expectations of $900.33 million. Match Group had a negative return on equity of 727.22% and a net margin of 17.86%. Equities analysts forecast that Match Group, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several analyst reports. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Wells Fargo & Company lowered their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price target on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Truist Financial reduced their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.90.

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.