Cohen Capital Management Inc. Raises Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Cohen Capital Management Inc. lifted its position in Match Group, Inc. (NASDAQ:MTCH) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,957 shares of the technology company’s stock after purchasing an additional 2,110 shares during the period. Cohen Capital Management Inc.’s holdings in Match Group were worth $2,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its position in Match Group by 54.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 85,777 shares of the technology company’s stock valued at $3,131,000 after purchasing an additional 30,229 shares in the last quarter. Norges Bank purchased a new stake in shares of Match Group in the 4th quarter worth approximately $112,903,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Match Group in the 4th quarter worth approximately $5,503,000. FORA Capital LLC purchased a new position in Match Group during the first quarter valued at approximately $2,410,000. Finally, Nordea Investment Management AB increased its holdings in Match Group by 20.8% during the first quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock valued at $46,072,000 after buying an additional 217,760 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of a number of analyst reports. TD Cowen cut their price target on Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Royal Bank of Canada reduced their price target on Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. The Goldman Sachs Group reduced their target price on Match Group from $47.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, KeyCorp decreased their price objective on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.45.

Match Group Stock Performance

Match Group stock traded up $0.70 during trading on Thursday, reaching $31.55. The company had a trading volume of 7,445,396 shares, compared to its average volume of 5,545,813. The firm’s 50-day simple moving average is $30.66 and its 200 day simple moving average is $33.70. The firm has a market capitalization of $8.38 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $49.24.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The business had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. During the same quarter last year, the business posted $0.42 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Match Group, Inc. will post 2.11 EPS for the current year.

About Match Group

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.