Kennedy Capital Management LLC Sells 14,643 Shares of Match Group, Inc. (NASDAQ:MTCH)

Kennedy Capital Management LLC decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,412 shares of the technology company’s stock after selling 14,643 shares during the quarter. Kennedy Capital Management LLC’s holdings in Match Group were worth $1,720,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Empirical Finance LLC lifted its stake in Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after acquiring an additional 326 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in Match Group by 1.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock worth $700,000 after buying an additional 361 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Match Group by 23.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock worth $79,000 after buying an additional 410 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Match Group by 0.6% in the 4th quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock valued at $2,790,000 after acquiring an additional 459 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Match Group by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after acquiring an additional 478 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MTCH has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Citigroup lowered their price target on shares of Match Group from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. KeyCorp reduced their price objective on Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Susquehanna decreased their target price on Match Group from $46.00 to $45.00 and set a “positive” rating on the stock in a research report on Monday, May 13th. Finally, TD Cowen dropped their price target on Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Match Group presently has an average rating of “Moderate Buy” and an average target price of $41.79.

Match Group Stock Up 13.2 %

MTCH opened at $38.14 on Thursday. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.57 and a beta of 1.49. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $49.24. The company has a 50-day simple moving average of $31.53 and a 200 day simple moving average of $33.42.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 457.93%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. Sell-side analysts anticipate that Match Group, Inc. will post 2.11 EPS for the current fiscal year.

Match Group Company 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.