Corsair Capital Management L.P. Takes Position in Match Group, Inc. (NASDAQ:MTCH)

Corsair Capital Management L.P. purchased a new position in Match Group, Inc. (NASDAQ:MTCH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,376 shares of the technology company’s stock, valued at approximately $241,000.

Other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Match Group by 23.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,679 shares of the technology company’s stock worth $315,000 after buying an additional 1,628 shares during the last quarter. Tidal Investments LLC raised its position in Match Group by 22.1% during the first quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock valued at $999,000 after purchasing an additional 4,994 shares during the period. Plato Investment Management Ltd lifted its stake in shares of Match Group by 342.5% in the 1st quarter. Plato Investment Management Ltd now owns 2,810 shares of the technology company’s stock valued at $102,000 after purchasing an additional 2,175 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of Match Group by 51.1% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 39,509 shares of the technology company’s stock valued at $1,433,000 after purchasing an additional 13,360 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Match Group during the 1st quarter valued at $17,940,000. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Up 0.4 %

Shares of MTCH stock opened at $32.78 on Wednesday. The company has a market cap of $8.23 billion, a PE ratio of 14.58, a PEG ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The business’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $33.99.

Insider Activity at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MTCH shares. Wells Fargo & Company dropped their price objective on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. TD Cowen increased their price objective on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna dropped their target price on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group increased their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial dropped their price objective on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

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.