Match Group (NASDAQ:MTCH – Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05, reports. Match Group had a negative return on equity of 727.22% and a net margin of 17.86%. The business had revenue of $895.48 million for the quarter, compared to the consensus estimate of $900.33 million. Match Group updated its Q4 2024 guidance to EPS.
Match Group Stock Performance
Shares of Match Group stock opened at $31.12 on Friday. The firm has a 50-day simple moving average of $36.95 and a two-hundred day simple moving average of $33.99. The company has a market cap of $8.03 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.
Institutional Trading of Match Group
A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Allspring Global Investments Holdings LLC increased its holdings in shares of Match Group by 13.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,240 shares of the technology company’s stock worth $698,000 after buying an additional 2,291 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Match Group by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,782 shares of the technology company’s stock worth $2,894,000 after buying an additional 2,083 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Match Group during the 1st quarter worth approximately $33,000. Daiwa Securities Group Inc. boosted its position in shares of Match Group by 7.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 29,875 shares of the technology company’s stock worth $1,084,000 after purchasing an additional 2,063 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Match Group by 151.7% during the 1st quarter. GSA Capital Partners LLP now owns 22,854 shares of the technology company’s stock worth $829,000 after purchasing an additional 13,774 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on MTCH
About Match Group
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.
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