Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,275 shares of the technology company’s stock after selling 9,752 shares during the period. Daiwa Securities Group Inc.’s holdings in Match Group were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MTCH. Parkside Financial Bank & Trust increased its position in Match Group by 88.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 557 shares of the technology company’s stock worth $26,000 after purchasing an additional 261 shares during the period. CI Investments Inc. increased its position in Match Group by 187.1% during the 3rd quarter. CI Investments Inc. now owns 577 shares of the technology company’s stock worth $28,000 after purchasing an additional 376 shares during the period. Glassman Wealth Services increased its position in Match Group by 89.1% during the 4th quarter. Glassman Wealth Services now owns 851 shares of the technology company’s stock worth $35,000 after purchasing an additional 401 shares during the period. Advisors Asset Management Inc. increased its position in Match Group by 107.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 828 shares of the technology company’s stock worth $40,000 after purchasing an additional 428 shares during the period. Finally, Optiver Holding B.V. acquired a new position in Match Group during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 93.53% of the company’s stock.

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Insider Transactions at Match Group

In other news, insider Jared F. Sine sold 7,110 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $41.27, for a total transaction of $293,429.70. Following the completion of the sale, the insider now directly owns 60,379 shares in the company, valued at approximately $2,491,841.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. KeyCorp dropped their target price on Match Group from $75.00 to $60.00 in a research report on Monday. Cowen decreased their price target on Match Group from $80.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. StockNews.com initiated coverage on Match Group in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Piper Sandler boosted their price target on Match Group from $20.00 to $27.00 in a research note on Tuesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Match Group from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 2nd. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Match Group has a consensus rating of “Moderate Buy” and an average target price of $69.81.

Match Group Stock Down 2.9 %

MTCH stock opened at $33.57 on Thursday. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 0.66 and a beta of 1.34. The business has a fifty day simple moving average of $37.31 and a 200-day simple moving average of $42.70. Match Group, Inc. has a 52 week low of $33.03 and a 52 week high of $87.46.

Match Group (NASDAQ:MTCH – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $787.12 million during the quarter, compared to the consensus estimate of $794.06 million. Match Group had a negative return on equity of 146.76% and a net margin of 11.35%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, analysts expect that Match Group, Inc. will post 2.08 earnings per share for the current fiscal year.

Match Group Profile

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Match Group, Inc engages in the provision of dating products. It operates under the brand name Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, TX.

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