Match Group, Inc. (NASDAQ:MTCH) Stake Raised by Leuthold Group LLC

Leuthold Group LLC grew its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 137,104 shares of the technology company’s stock after purchasing an additional 6,077 shares during the quarter. Leuthold Group LLC’s holdings in Match Group were worth $4,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTCH. YHB Investment Advisors Inc. bought a new position in shares of Match Group in the first quarter valued at $28,000. Principal Securities Inc. purchased a new position in Match Group during the 4th quarter worth approximately $31,000. Mather Group LLC. purchased a new position in Match Group during the 1st quarter worth approximately $33,000. Fidelis Capital Partners LLC purchased a new position in shares of Match Group during the 1st quarter valued at $33,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Match Group during the 3rd quarter valued at $40,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Up 2.6 %

NASDAQ MTCH traded up $0.83 during trading hours on Friday, hitting $32.38. The company’s stock had a trading volume of 4,097,097 shares, compared to its average volume of 5,534,921. The stock has a fifty day moving average of $30.66 and a 200 day moving average of $33.70. The firm has a market capitalization of $8.60 billion, a P/E ratio of 13.72, a PEG ratio of 0.52 and a beta of 1.49. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $49.24.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, analysts predict that Match Group, Inc. will post 2.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday. Raymond James started coverage on shares of Match Group in a research report on Thursday, April 4th. They set a “market perform” rating for the company. Royal Bank of Canada cut their target price on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. Finally, TD Cowen cut their price objective on shares of Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.45.

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.