Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,235 shares of the technology company’s stock after acquiring an additional 800 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Match Group were worth $2,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Life Insurance Co. lifted its position in Match Group by 2.9% during the third quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock worth $403,000 after buying an additional 297 shares during the period. Fulton Bank N.A. lifted its position in Match Group by 3.1% during the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock worth $379,000 after buying an additional 299 shares during the period. Empirical Finance LLC lifted its position in Match Group by 4.9% during the first quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after buying an additional 326 shares during the period. Prestige Wealth Management Group LLC lifted its position in Match Group by 8.9% during the second quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after buying an additional 357 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Match Group by 1.5% during the third quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock worth $1,133,000 after buying an additional 455 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 2.3 %

Shares of NASDAQ MTCH opened at $36.03 on Friday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The business has a 50 day moving average price of $36.99 and a two-hundred day moving average price of $33.85. The firm has a market cap of $9.29 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.76 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. During the same quarter last year, the firm earned $0.48 EPS. Match Group’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that Match Group, Inc. will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTCH shares. Stifel Nicolaus increased their target price on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Match Group in a research note on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. Wells Fargo & Company dropped their price target on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Truist Financial upped their price target on Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.78.

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.