GSA Capital Partners LLP Takes $747,000 Position in Match Group, Inc. (NASDAQ:MTCH)

GSA Capital Partners LLP purchased a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,738 shares of the technology company's stock, valued at approximately $747,000.

Several other large investors also recently bought and sold shares of MTCH. Venturi Wealth Management LLC lifted its stake in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock worth $27,000 after acquiring an additional 605 shares in the last quarter. Quarry LP raised its position in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company's stock valued at $40,000 after purchasing an additional 461 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Match Group by 87.6% during the 2nd 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 last quarter. International Assets Investment Management LLC acquired a new stake in shares of Match Group during the second quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company's stock worth $70,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Down 0.7 %

Shares of MTCH stock traded down $0.20 during trading hours on Monday, reaching $30.51. 3,582,514 shares of the stock traded hands, compared to its average volume of 5,272,911. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The business has a fifty day moving average price of $36.04 and a 200 day moving average price of $33.98. The firm has a market capitalization of $7.87 billion, a PE ratio of 13.62, a PEG ratio of 0.85 and a beta of 1.51.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group reduced their price objective on shares of Match Group from $43.00 to $38.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on Match Group from $38.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 8th. Morgan Stanley lowered their price objective on Match Group from $36.00 to $33.00 and set an "equal weight" rating for the company in a report on Tuesday, November 12th. Hsbc Global Res raised Match Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 5th. Finally, StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Match Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.73.

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.