UNIVEST FINANCIAL Corp Acquires 5,125 Shares of Match Group, Inc. (NASDAQ:MTCH)

UNIVEST FINANCIAL Corp grew its holdings in Match Group, Inc. (NASDAQ:MTCH) by 89.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,827 shares of the technology company’s stock after acquiring an additional 5,125 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Match Group were worth $329,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTCH. YHB Investment Advisors Inc. purchased a new position in Match Group in the first quarter worth about $28,000. Principal Securities Inc. bought a new position in shares of Match Group during the 4th quarter valued at approximately $31,000. Mather Group LLC. purchased a new stake in Match Group during the 1st quarter valued at $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group in the first quarter worth $33,000. Finally, Riverview Trust Co purchased a new position in Match Group during the first quarter worth $57,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Susquehanna decreased their price objective on shares of Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 13th. Morgan Stanley cut their target price on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. TD Cowen increased their price target on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. Eight 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Performance

NASDAQ:MTCH opened at $35.82 on Friday. The firm has a 50-day simple moving average of $34.48 and a 200-day simple moving average of $33.32. Match Group, Inc. has a one year low of $27.66 and a one year high of $45.81. The firm has a market cap of $9.24 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.77 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The company had revenue of $864.07 million during 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%. Match Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, research analysts predict that Match Group, Inc. will post 1.98 EPS 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.