Fulton Bank N.A. Takes $295,000 Position in Match Group, Inc. (NASDAQ:MTCH)

Fulton Bank N.A. purchased a new stake in Match Group, Inc. (NASDAQ:MTCH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,707 shares of the technology company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YHB Investment Advisors Inc. bought a new stake in Match Group during the 1st quarter worth approximately $28,000. Principal Securities Inc. bought a new stake in Match Group during the 4th quarter worth approximately $31,000. Mather Group LLC. bought a new stake in Match Group during the 1st quarter worth approximately $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group during the 1st quarter worth approximately $33,000. Finally, GAMMA Investing LLC bought a new stake in Match Group during the 4th quarter worth approximately $55,000. Institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

MTCH traded up $0.02 during trading on Tuesday, hitting $35.68. 3,563,392 shares of the stock traded hands, compared to its average volume of 5,772,636. The firm has a market capitalization of $9.48 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.48. The firm has a 50-day moving average of $31.97 and a 200 day moving average of $33.40. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $47.81.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same quarter in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Match Group, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on MTCH. Morgan Stanley decreased their target price 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, July 10th. TD Cowen increased their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. KeyCorp decreased their price target on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Susquehanna decreased their price target on shares of Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a report on Monday, May 13th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Match Group has an average rating of “Moderate Buy” and an average target price of $42.07.

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.