Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its stake in Match Group, Inc. (NASDAQ:MTCH) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,543 shares of the technology company’s stock after acquiring an additional 5,889 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Match Group were worth $1,253,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Aristides Capital LLC grew its position in shares of Match Group by 70.1% in the first quarter. Aristides Capital LLC now owns 54,557 shares of the technology company’s stock valued at $1,979,000 after purchasing an additional 22,482 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Match Group in the first quarter valued at $1,814,000. Lazard Asset Management LLC grew its position in shares of Match Group by 24.5% in the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after purchasing an additional 80,855 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Match Group in the first quarter valued at $1,906,000. Finally, Gamco Investors INC. ET AL grew its position in shares of Match Group by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after purchasing an additional 478 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on MTCH. UBS Group lowered their price objective on Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company lowered their price target on Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. KeyCorp lowered their price target on Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Finally, Morgan Stanley decreased their target price on Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average target price of $41.79.

Match Group Stock Down 0.2 %

Shares of NASDAQ:MTCH traded down $0.05 during trading on Monday, hitting $33.20. 6,286,663 shares of the company traded hands, compared to its average volume of 5,653,058. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.56 and a beta of 1.49. The business’s fifty day moving average is $31.23 and its 200-day moving average is $33.44. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24.

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

Match Group Company 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.