8,975 Shares in Match Group, Inc. (NASDAQ:MTCH) Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,975 shares of the technology company’s stock, valued at approximately $328,000. Match Group accounts for about 0.4% of Watershed Asset Management L.L.C.’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. VisionPoint Advisory Group LLC purchased a new position in shares of Match Group in the third quarter worth $40,000. Massmutual Trust Co. FSB ADV lifted its stake in Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock worth $42,000 after purchasing an additional 361 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock valued at $49,000 after purchasing an additional 1,089 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Match Group during the 4th quarter valued at about $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Match Group during the third quarter valued at about $62,000. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTCH. Raymond James assumed coverage on Match Group in a research report on Thursday, April 4th. They issued a “market perform” rating on the stock. KeyCorp upped their price objective on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Morgan Stanley lowered shares of Match Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $37.00 in a report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $45.00 price objective on shares of Match Group in a research report on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.07.

Match Group Price Performance

Shares of NASDAQ:MTCH traded down $0.27 during trading hours on Tuesday, hitting $31.69. 3,361,141 shares of the company’s stock traded hands, compared to its average volume of 5,772,581. The firm has a market capitalization of $8.49 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.51 and a beta of 1.41. The business has a fifty day moving average price of $34.82 and a 200-day moving average price of $34.69. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. During the same quarter in the previous year, the business earned $0.30 EPS. Match Group’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that Match Group, Inc. will post 2.17 earnings per share 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.