JB Capital LLC Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

JB Capital LLC purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCHFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,144 shares of the technology company’s stock, valued at approximately $224,000.

A number of other institutional investors have also made changes to their positions in the stock. State of Wyoming acquired a new position in shares of Match Group during the second quarter worth approximately $38,000. VisionPoint Advisory Group LLC bought a new stake in shares of Match Group during the third quarter worth $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in Match Group by 46.0% in 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 last quarter. AM Squared Ltd acquired a new position in Match Group in the first quarter valued at about $46,000. Finally, Harbour Investments Inc. lifted its stake in Match Group by 44.6% in the first quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock valued at $47,000 after buying an additional 375 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Trading Down 0.6 %

Shares of MTCH traded down $0.20 on Tuesday, reaching $35.71. 330,649 shares of the company’s stock traded hands, compared to its average volume of 6,109,854. The stock’s 50 day simple moving average is $35.97 and its two-hundred day simple moving average is $35.53. Match Group, Inc. has a 52-week low of $27.85 and a 52-week high of $49.24. The stock has a market cap of $9.57 billion, a PE ratio of 15.75, a PEG ratio of 0.58 and a beta of 1.41.

Match Group (NASDAQ:MTCHGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $861.31 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts forecast that Match Group, Inc. will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MTCH shares. Wells Fargo & Company initiated coverage on Match Group in a research report on Thursday, December 7th. They set an “equal weight” rating and a $32.00 price target on the stock. Piper Sandler restated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price objective on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. UBS Group boosted their price target on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, Citigroup boosted their price objective on Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus price target of $46.58.

Read Our Latest Report on MTCH

Match Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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