Vise Technologies Inc. Invests $837,000 in Match Group Inc. $MTCH

Vise Technologies Inc. bought a new position in Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,998 shares of the technology company’s stock, valued at approximately $837,000.

A number of other institutional investors have also recently bought and sold shares of MTCH. Activest Wealth Management raised its stake in Match Group by 6,523.1% during the fourth 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 period. Advisory Services Network LLC purchased a new stake in shares of Match Group during the 3rd quarter valued at $28,000. Whittier Trust Co. grew its stake in shares of Match Group by 91.3% during the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after buying an additional 431 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Match Group by 53.0% during the 4th 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 during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Match Group by 1,319.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock worth $36,000 after buying an additional 884 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Glenn Schiffman purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $36.63 per share, with a total value of $109,890.00. Following the purchase, the director directly owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. This represents a 5.62% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

Match Group Stock Performance

Shares of MTCH stock opened at $40.87 on Monday. The company has a market cap of $9.38 billion, a PE ratio of 14.44, a P/E/G ratio of 0.60 and a beta of 1.30. The company’s fifty day simple moving average is $38.01 and its 200-day simple moving average is $34.90. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $41.40.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm had revenue of $853.11 million during the quarter, compared to analysts’ expectations of $857.77 million. During the same period in the prior year, the company earned $0.49 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Equities research analysts expect that Match Group Inc. will post 3.31 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Match Group’s dividend payout ratio is presently 28.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MTCH shares. Piper Sandler set a $51.00 target price on Match Group in a report on Wednesday, May 6th. TD Cowen lowered their price target on Match Group from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price target on Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Zacks Research raised Match Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Susquehanna reiterated a “positive” rating on shares of Match Group in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Match Group has an average rating of “Moderate Buy” and a consensus price target of $41.54.

Match Group 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.