Emerald Advisers Inc. PA bought a new position in Match Group, Inc. (NASDAQ:MTCH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,670 shares of the technology company’s stock, valued at approximately $804,000.
A number of other hedge funds have also bought and sold shares of MTCH. Vanguard Group Inc. boosted its position in shares of Match Group by 34.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Match Group by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,377,345 shares of the technology company’s stock valued at $93,457,000 after buying an additional 20,060 shares during the period. Light Street Capital Management LLC purchased a new stake in Match Group in the second quarter worth $39,974,000. Voya Investment Management LLC increased its stake in Match Group by 16.4% in the second quarter. Voya Investment Management LLC now owns 1,674,074 shares of the technology company’s stock worth $29,095,000 after purchasing an additional 235,355 shares during the period. Finally, Mik Capital LLC purchased a new stake in Match Group in the second quarter worth $23,043,000. Institutional investors and hedge funds own 20.04% of the company’s stock.
Match Group, Inc. (MTCH) opened at $29.39 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $7,522.86, a P/E ratio of 48.63, a P/E/G ratio of 3.64 and a beta of 0.68. Match Group, Inc. has a 12-month low of $15.42 and a 12-month high of $32.87.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The business had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. equities analysts predict that Match Group, Inc. will post 0.63 EPS for the current year.
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In other news, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the sale, the general counsel now directly owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Sam Yagan sold 684,583 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the transaction, the insider now directly owns 464,963 shares in the company, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. Insiders sold 847,873 shares of company stock worth $18,233,069 over the last ninety days. Corporate insiders own 18.10% of the company’s stock.
MTCH has been the topic of several research reports. Jefferies Group LLC raised their price target on Match Group from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Match Group from a “strong sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $28.00 price objective (up previously from $25.00) on shares of Match Group in a research report on Wednesday, October 4th. BidaskClub downgraded Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, UBS AG raised their price target on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.72.
Match Group Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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