GSA Capital Partners LLP Buys New Position in Match Group, Inc. (NASDAQ:MTCH)

GSA Capital Partners LLP bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,738 shares of the technology company’s stock, valued at approximately $747,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after purchasing an additional 605 shares during the last quarter. Quarry LP boosted its holdings in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares in the last quarter. Mather Group LLC. grew its position in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Match Group during the 2nd quarter valued at $61,000. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTCH. Evercore ISI raised Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. KeyCorp cut their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.73.

Match Group Stock Performance

NASDAQ:MTCH opened at $30.71 on Monday. The company has a market capitalization of $7.92 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51. The stock’s 50 day moving average price is $36.15 and its 200 day moving average price is $33.98. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42.

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.