Stifel Financial Corp reduced its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,571 shares of the technology company’s stock after selling 4,135 shares during the quarter. Stifel Financial Corp’s holdings in Match Group were worth $1,622,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Match Group during the 1st quarter worth $103,000. Delpha Capital Management LLC purchased a new position in Match Group during the 4th quarter worth $138,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Match Group by 122.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,460 shares during the period. Pendal Group Ltd purchased a new position in Match Group during the 1st quarter worth $268,000. Finally, Amalgamated Bank purchased a new position in Match Group during the 4th quarter worth $229,000. Institutional investors own 23.76% of the company’s stock.
Match Group opened at $42.71 on Monday, MarketBeat reports. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $11.83 billion, a PE ratio of 82.13, a price-to-earnings-growth ratio of 2.91 and a beta of 0.15. Match Group Inc has a 1-year low of $16.57 and a 1-year high of $48.65.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The firm had revenue of $407.40 million during the quarter, compared to analysts’ expectations of $384.81 million. Match Group had a return on equity of 39.06% and a net margin of 29.86%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. equities research analysts expect that Match Group Inc will post 1.17 EPS for the current fiscal year.
A number of brokerages have recently issued reports on MTCH. Deutsche Bank lifted their price target on Match Group to $43.00 and gave the company a “buy” rating in a report on Friday, May 11th. ValuEngine upgraded Match Group from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Guggenheim downgraded Match Group from a “buy” rating to a “neutral” rating in a report on Wednesday, March 21st. Jefferies Financial Group lifted their price target on Match Group to $50.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Finally, Aegis lifted their price target on Match Group from $45.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.44.
In other news, Director Ann Mcdaniel sold 4,351 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $41.85, for a total value of $182,089.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is owned by company insiders.
Match Group Company Profile
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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