Corsair Capital Management L.P. Invests $241,000 in Match Group, Inc. (NASDAQ:MTCH)

Corsair Capital Management L.P. purchased a new position in shares of Match Group, Inc. (NASDAQ:MTCH) in the third quarter, Holdings Channel reports. The fund purchased 6,376 shares of the technology company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sumitomo Life Insurance Co. raised its holdings in shares of Match Group by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock worth $403,000 after purchasing an additional 297 shares during the last quarter. Fulton Bank N.A. grew its holdings in Match Group by 3.1% during the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock worth $379,000 after acquiring an additional 299 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in Match Group by 8.9% in the second quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock valued at $133,000 after acquiring an additional 357 shares during the period. Empirical Finance LLC boosted its position in Match Group by 1.5% in the 3rd quarter. Empirical Finance LLC now owns 25,952 shares of the technology company’s stock worth $982,000 after purchasing an additional 384 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Match Group by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 455 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $32.78 on Wednesday. The company has a market capitalization of $8.23 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.90 and a beta of 1.51. The company has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $33.99. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 8th. UBS Group lowered their target price on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Morgan Stanley cut their price target on Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a report on Monday, August 5th. Finally, The Goldman Sachs Group upped their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

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.