Intrepid Capital Management Inc. Invests $2.22 Million in Match Group, Inc. (NASDAQ:MTCH)

Intrepid Capital Management Inc. bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,771 shares of the technology company’s stock, valued at approximately $2,224,000. Match Group makes up 1.2% of Intrepid Capital Management Inc.’s investment portfolio, making the stock its 26th largest position.

A number of other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its holdings in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after buying an additional 605 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Match Group in the third quarter valued at approximately $31,000. Quarry LP lifted its holdings in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Mather Group LLC. lifted its holdings in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in Match Group in the third quarter valued at approximately $57,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Up 0.8 %

Shares of NASDAQ:MTCH traded up $0.28 during midday trading on Tuesday, reaching $33.48. The company had a trading volume of 116,896 shares, compared to its average volume of 5,182,630. The business’s 50 day moving average price is $35.26 and its 200 day moving average price is $34.03. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The stock has a market cap of $8.41 billion, a PE ratio of 14.82, a P/E/G ratio of 0.90 and a beta of 1.47.

Analysts Set New Price Targets

MTCH has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Truist Financial lowered their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $35.00 target price (down previously from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Match Group Company Profile

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.