Landscape Capital Management L.L.C. Takes Position in Match Group Inc. $MTCH

Landscape Capital Management L.L.C. purchased a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 252,949 shares of the technology company’s stock, valued at approximately $9,625,000. Match Group makes up approximately 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Match Group by 1.9% in the 2nd quarter. Versant Capital Management Inc now owns 15,463 shares of the technology company’s stock valued at $588,000 after buying an additional 289 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Match Group by 3.1% in the first quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock valued at $317,000 after buying an additional 311 shares during the last quarter. Bollard Group LLC lifted its position in Match Group by 0.6% during the 1st quarter. Bollard Group LLC now owns 52,928 shares of the technology company’s stock worth $1,625,000 after buying an additional 322 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Match Group by 8.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after acquiring an additional 326 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in 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 acquiring an additional 356 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Match Group news, Director Glenn Schiffman purchased 3,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $36.63 per share, with a total value of $109,890.00. Following the transaction, the director directly owned 56,370 shares of the company’s stock, valued at $2,064,833.10. This represents a 5.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by company insiders.

Analyst Ratings Changes

MTCH has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Truist Financial boosted their price objective on shares of Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on Match Group in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.54.

Match Group Stock Up 1.3%

NASDAQ:MTCH opened at $40.87 on Friday. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $41.40. The business has a 50 day moving average price of $38.01 and a two-hundred day moving average price of $34.88. The company has a market cap of $9.38 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.59 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $853.11 million for the quarter, compared to the consensus estimate of $857.77 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. As a group, analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current fiscal year.

Match Group Dividend Announcement

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

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.