IFM Investors Pty Ltd Has $2 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

IFM Investors Pty Ltd cut its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 55,085 shares of the technology company’s stock after selling 2,466 shares during the quarter. IFM Investors Pty Ltd’s holdings in Match Group were worth $1,998,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in Match Group by 13.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,240 shares of the technology company’s stock worth $698,000 after acquiring an additional 2,291 shares in the last quarter. Oak Thistle LLC bought a new position in Match Group during the first quarter worth $261,000. Guidance Capital Inc. bought a new position in Match Group during the first quarter worth $839,000. Foguth Wealth Management LLC. bought a new position in shares of Match Group in the first quarter valued at $409,000. Finally, First Bank & Trust lifted its stake in shares of Match Group by 76.9% in the first quarter. First Bank & Trust now owns 17,473 shares of the technology company’s stock valued at $634,000 after buying an additional 7,597 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Stock Up 0.6 %

NASDAQ MTCH traded up $0.20 during trading hours on Friday, reaching $31.89. 2,583,090 shares of the company were exchanged, compared to its average volume of 3,808,691. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24. The business’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $34.57. The stock has a market capitalization of $8.55 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.51 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTCH. UBS Group raised their price objective on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. KeyCorp raised their price objective on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Morgan Stanley lowered shares of Match Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Match Group currently has an average rating of “Hold” and a consensus price target of $43.07.

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.