Galvin Gaustad & Stein LLC Has $14.60 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Galvin Gaustad & Stein LLC increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 385,898 shares of the technology company’s stock after purchasing an additional 15,582 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Match Group were worth $14,602,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP grew its position in Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Match Group in the 1st quarter valued at approximately $57,000. Mather Group LLC. lifted its holdings in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,500 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Match Group in the 2nd quarter valued at approximately $61,000. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 1.8 %

NASDAQ:MTCH opened at $30.56 on Friday. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.79 and a beta of 1.51. The business’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $33.96. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $895.48 million during the quarter, compared to analysts’ expectations of $900.33 million. Match Group had a net margin of 17.86% and a negative return on equity of 727.22%. Sell-side analysts predict that Match Group, Inc. will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MTCH. StockNews.com raised Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company lowered their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Bank of America reiterated a “neutral” rating and set a $35.00 target price (down previously from $50.00) on shares of Match Group in a research report on Thursday. Finally, Wolfe Research started coverage on shares of Match Group in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Eight investment 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.90.

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.