Versor Investments LP Invests $365,000 in Match Group, Inc. (NASDAQ:MTCH)

Versor Investments LP acquired a new position in Match Group, Inc. (NASDAQ:MTCH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,000 shares of the technology company’s stock, valued at approximately $365,000.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Match Group by 4,348.2% during the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock valued at $2,918,000 after purchasing an additional 78,138 shares during the last quarter. Victory Capital Management Inc. raised its position in Match Group by 304.0% in the fourth quarter. Victory Capital Management Inc. now owns 154,511 shares of the technology company’s stock worth $5,640,000 after acquiring an additional 116,266 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Match Group by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,466,837 shares of the technology company’s stock worth $90,040,000 after acquiring an additional 51,179 shares during the last quarter. Gryphon Financial Partners LLC bought a new stake in shares of Match Group during the 4th quarter valued at $149,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Match Group by 52.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 5,470 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,889 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH opened at $36.51 on Friday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $45.97. The business’s 50 day simple moving average is $34.37 and its 200-day simple moving average is $33.33.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS 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 analyst estimates of $856.51 million. During the same quarter last year, the business earned $0.48 earnings per share. Match Group’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Match Group, Inc. will post 1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley reduced their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group lifted their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group reduced their price objective on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.