Match Group Inc. (MTCH:NSD) recently saw an influx of activity from institutional investors. Zenyatta Capital Management LP purchased 7,500 shares of the technology company’s stock, valued at approximately $358,000, in the third quarter.
Other notable investors such as Mine & Arao Wealth Creation & Management LLC, Zions Bancorporation N.A., SeaCrest Wealth Management LLC, Allworth Financial LP, and Institutional & Family Asset Management LLC also purchased large stakes in Match Group during the second and third quarters.
These investors now represent 93.53% of the company’s total stock ownership. With a new wave of institutional investors betting on the success of Match Group Inc the future looks promising for the technology company.
Match Group Stock Price Up 1.6 %
MTCH stock opened on Thursday at $45.68. The fifty day simple moving average of the stock is $44.57, while the 200 day simple moving average is $53.97. Match Group, Inc.’s 1-year low price is $38.64, while its 1-year high price is $128.87. The stock has a market capitalization of $12.76 billion, a PE ratio of 138.43, a PEG ratio of 0.69, and a beta of 1.24.
Quarterly Earnings Overview:
Match Group (MTCH:NSD) reported its most recent quarterly results report on November 1st. The technology business announced quarterly earnings per share of $0.45, $0.07 below the consensus forecast of $0.52.
The company’s quarterly sales were $809.55 million, compared to the average forecast of $793.03 million. Match Group Inc had a negative return on equity of 94.07% and a net margin of 3.39%. Analysts project that Match Group, Inc. will earn $1.40 per share for the current fiscal year.
Recently, a number of equity analysts have written reports on the stock.
KeyCorp increased their price target on shares of Match Group from $74.00 to $75.00 and assigned the stock a “overweight” rating.
Cowen decreased their price target on Match Group shares from $85.00 to $80.00.
Match Group Inc was first covered by Stifel Nicolaus in a research report. They assigned the business a “hold” rating and a $62.00 price target.
JPMorgan Chase & Co. decreased their target price on Match Group from $75.00 to $65.00 while maintaining a “overweight” rating on the stock.
Trust Financial lowered their price target on shares of Match Group from $68.00 to $56.00 and assigned the stock a “hold” rating.
Eight research analysts have assigned a hold rating to the stock, while eighteen have issued a buy rating. According to the data from Stock Target Advisor, Match stock has a consensus analyst ratings of “Strong Buy” with an average stock price target of $73.74 per share over the next 12 months.
Match Group Inc. provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, Meetic, Ok Cupid, Hinge, Pairs, Plenty Of Fish, and Our Time, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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