Match Group, Inc. (NASDAQ:MTCH) Stake Boosted by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 29.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,588 shares of the technology company’s stock after purchasing an additional 3,500 shares during the period. Cornerstone Investment Partners LLC’s holdings in Match Group were worth $569,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MTCH. State of Wyoming bought a new stake in Match Group in the second quarter worth $38,000. VisionPoint Advisory Group LLC bought a new stake in Match Group during the third quarter valued at about $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in Match Group by 46.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after acquiring an additional 361 shares during the period. AM Squared Ltd bought a new stake in Match Group during the first quarter valued at about $46,000. Finally, Harbour Investments Inc. boosted its holdings in Match Group by 44.6% during the first quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock valued at $47,000 after acquiring an additional 375 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MTCH. Raymond James began coverage on shares of Match Group in a report on Thursday, April 4th. They set a “market perform” rating for the company. UBS Group upped their price objective on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. KeyCorp upped their price objective on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus target price of $43.95.

Match Group Trading Down 0.6 %

Shares of MTCH traded down $0.20 during mid-day trading on Friday, hitting $32.02. 873,683 shares of the company traded hands, compared to its average volume of 5,789,560. Match Group, Inc. has a one year low of $27.85 and a one year high of $49.24. The business has a 50-day moving average of $35.06 and a 200 day moving average of $34.85. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $861.31 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Match Group’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that Match Group, Inc. will post 2.17 earnings per share for the current year.

About Match Group

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.