Leonteq Securities AG Acquires 19,980 Shares of Match Group Inc. $MTCH

Leonteq Securities AG boosted its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 2,942.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,659 shares of the technology company’s stock after buying an additional 19,980 shares during the quarter. Leonteq Securities AG’s holdings in Match Group were worth $634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Platform Technology Partners purchased a new position in shares of Match Group in the 1st quarter worth approximately $226,000. Sound Income Strategies LLC raised its stake in Match Group by 7.1% in the 1st quarter. Sound Income Strategies LLC now owns 136,207 shares of the technology company’s stock worth $4,241,000 after acquiring an additional 9,034 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Match Group by 335.4% in the first quarter. Root Financial Partners LLC now owns 5,460 shares of the technology company’s stock worth $168,000 after purchasing an additional 4,206 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Match Group by 97.2% during the 1st quarter. Deprince Race & Zollo Inc. now owns 1,549,147 shares of the technology company’s stock worth $47,574,000 after buying an additional 763,764 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its position in Match Group by 2.5% during the first quarter. iA Global Asset Management Inc. now owns 24,992 shares of the technology company’s stock valued at $768,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial set a $37.00 price target on Match Group in a report on Wednesday, May 6th. Wells Fargo & Company raised their price target 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Match Group in a research note on Wednesday, May 6th. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Match Group currently has an average rating of “Hold” and a consensus target price of $41.07.

Insiders Place Their Bets

In related news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $37.90 on Friday. The stock has a market capitalization of $8.84 billion, a PE ratio of 14.47, a PEG ratio of 0.61 and a beta of 1.30. The stock has a fifty day simple moving average of $36.05 and a 200-day simple moving average of $33.26. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $39.20.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results 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. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The business had revenue of $863.93 million for the quarter, compared to analysts’ expectations of $854.70 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts predict that Match Group Inc. will post 3.11 earnings per share for the current year.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued 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 2.1%. Match Group’s dividend payout ratio is 30.53%.

About Match Group

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.