Mawer Investment Management Ltd. Buys 108,253 Shares of Match Group, Inc. (NASDAQ:MTCH)

Mawer Investment Management Ltd. boosted its stake in Match Group, Inc. (NASDAQ:MTCH) by 40.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,445 shares of the technology company’s stock after acquiring an additional 108,253 shares during the quarter. Mawer Investment Management Ltd. owned 0.14% of Match Group worth $11,406,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MTCH. YHB Investment Advisors Inc. bought a new stake in Match Group in the 1st quarter valued at $28,000. Principal Securities Inc. bought a new stake in Match Group during the 4th quarter worth about $31,000. Mather Group LLC. bought a new stake in Match Group during the 1st quarter worth about $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group during the 1st quarter worth about $33,000. Finally, Riverview Trust Co bought a new stake in Match Group during the 1st quarter worth about $57,000. 94.05% of the stock is owned by institutional investors.

Match Group Stock Performance

Shares of MTCH opened at $36.03 on Tuesday. The firm has a market cap of $9.29 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.74 and a beta of 1.50. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $44.87. The firm’s 50-day simple moving average is $34.61 and its 200 day simple moving average is $33.28.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities analysts forecast that Match Group, Inc. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley cut their price target on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.07.

Match Group 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.