12,923 Shares in Match Group Inc. $MTCH Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new stake in shares of Match Group Inc. (NASDAQ:MTCHFree Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 12,923 shares of the technology company’s stock, valued at approximately $492,000.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Match Group by 17.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,372,344 shares of the technology company’s stock worth $52,218,000 after purchasing an additional 203,959 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Match Group in the 2nd quarter valued at approximately $3,123,000. United Capital Financial Advisors LLC acquired a new stake in shares of Match Group in the 2nd quarter valued at approximately $247,000. Jefferies Financial Group Inc. bought a new position in shares of Match Group in the second quarter valued at $267,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Match Group in the second quarter valued at $3,247,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MTCH shares. Truist Financial upped their price target on shares of Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Piper Sandler set a $51.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen dropped their target price on shares of Match Group from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus target price of $42.46.

Get Our Latest Stock Report on MTCH

Match Group Stock Performance

MTCH stock opened at $41.58 on Monday. The firm has a market capitalization of $9.54 billion, a PE ratio of 14.69, a PEG ratio of 0.61 and a beta of 1.30. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $42.49. The business’s 50 day simple moving average is $38.61 and its 200 day simple moving average is $35.29.

Match Group (NASDAQ:MTCHGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The business had revenue of $853.11 million during the quarter, compared to the consensus estimate of $857.77 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Match Group Inc. will post 3.31 EPS for the current fiscal year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Match Group’s dividend payout ratio is presently 28.27%.

Insider Transactions at Match Group

In related news, Director Stephen Bailey sold 4,760 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $42.26, for a total value of $201,157.60. Following the transaction, the director owned 11,742 shares in the company, valued at approximately $496,216.92. This represents a 28.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn Schiffman purchased 3,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the acquisition, the director owned 56,370 shares in the company, valued at approximately $2,064,833.10. This trade represents a 5.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.71% of the stock is currently owned by corporate insiders.

Match Group Profile

(Free Report)

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

See Also

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group Inc. (NASDAQ:MTCHFree Report).

Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.