Atomi Financial Group Inc. Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Atomi Financial Group Inc. bought a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 7,712 shares of the technology company’s stock, valued at approximately $292,000.

A number of other hedge funds have also made changes to their positions in MTCH. Mather Group LLC. bought a new position in Match Group during the 1st quarter valued at $33,000. Fidelis Capital Partners LLC acquired a new stake in shares of Match Group in the 1st quarter valued at about $33,000. Quarry LP lifted its position in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the last quarter. Riverview Trust Co acquired a new position in Match Group in the first quarter worth about $57,000. Finally, Sentry Investment Management LLC bought a new stake in Match Group in the first quarter valued at about $57,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley decreased their price objective on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group increased their target price on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a report on Monday, August 5th. Finally, Royal Bank of Canada increased their price objective on shares of Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.34.

Match Group Stock Performance

Shares of MTCH opened at $37.72 on Friday. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The stock’s fifty day moving average is $36.40 and its 200-day moving average is $33.57. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.76 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last released 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 firm had revenue of $864.07 million for 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 467.66%. Match Group’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Analysts forecast that Match Group, Inc. will post 1.98 EPS for the current fiscal 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.