Wick Capital Partners LLC Purchases Shares of 15,155 Match Group Inc. $MTCH

Wick Capital Partners LLC purchased a new stake in Match Group Inc. (NASDAQ:MTCH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,155 shares of the technology company’s stock, valued at approximately $489,000.

Other large investors have also modified their holdings of the company. Activest Wealth Management raised its position in shares of Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after purchasing an additional 848 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Match Group during the 3rd quarter valued at $28,000. Rossby Financial LCC increased its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after buying an additional 506 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after buying an additional 356 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Match Group in the fourth quarter worth $38,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Barclays lifted their price objective on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, UBS Group upped their target price on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Match Group currently has an average rating of “Hold” and a consensus target price of $41.07.

Insider Transactions at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Match Group Stock Performance

Shares of MTCH opened at $35.45 on Friday. The stock has a fifty day moving average of $35.50 and a two-hundred day moving average of $33.03. The company has a market capitalization of $8.27 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.56 and a beta of 1.33. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $863.93 million for the quarter, compared to analysts’ expectations of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, equities research analysts forecast that Match Group Inc. will post 3.11 earnings per share for the current fiscal year.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.3%. Match Group’s dividend payout ratio is 30.53%.

Key Match Group News

Here are the key news stories impacting Match Group this week:

• Neutral Sentiment: At Match Group’s June 16 annual meeting, shareholders elected four directors and approved incentive proposals, but rejected the executive pay package, highlighting ongoing investor focus on governance and compensation. Match Group shareholders reject executive pay, approve incentives
• Neutral Sentiment: A MarketWatch note said Match Group stock underperformed Wednesday versus competitors, reinforcing the idea that investors are cautious about the name relative to peers. Match Group Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: GuruFocus also noted the shares fell 3.4% in the latest session and described the stock as potentially undervalued, which may attract value-oriented buyers but does not by itself change the near-term story. Match Group Inc (MTCH) Stock Down 3.4% — Now Undervalued? GF Score: 82/100

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.