Cetera Investment Advisers Lowers Holdings in Match Group, Inc. (NASDAQ:MTCH)

Cetera Investment Advisers cut its position in Match Group, Inc. (NASDAQ:MTCH) by 26.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,583 shares of the technology company’s stock after selling 20,943 shares during the quarter. Cetera Investment Advisers’ holdings in Match Group were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of Match Group during the 1st quarter valued at $33,000. Fidelis Capital Partners LLC purchased a new position in shares of Match Group in the first quarter valued at about $33,000. Quarry LP increased its position in shares of Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares during the period. Riverview Trust Co purchased a new position in shares of Match Group in the first quarter valued at about $57,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Match Group during the first quarter valued at about $57,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial boosted their price target on shares of Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price target on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and a consensus target price of $42.34.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $37.79 on Tuesday. The firm’s 50 day moving average price is $36.44 and its 200-day moving average price is $33.57. The company has a market cap of $9.75 billion, a PE ratio of 16.43, a P/E/G ratio of 0.75 and a beta of 1.51. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42.

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

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.