Calamos Advisors LLC Sells 6,872 Shares of Match Group, Inc. (NASDAQ:MTCH)

Calamos Advisors LLC trimmed its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,282 shares of the technology company’s stock after selling 6,872 shares during the quarter. Calamos Advisors LLC owned approximately 0.07% of Match Group worth $5,720,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Empirical Finance LLC boosted its stake in Match Group by 4.9% during the first quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after acquiring an additional 326 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Match Group by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after buying an additional 478 shares in the last quarter. Natixis Investment Managers International lifted its position in shares of Match Group by 14.4% during the 1st quarter. Natixis Investment Managers International now owns 4,241 shares of the technology company’s stock worth $154,000 after buying an additional 533 shares in the last quarter. Assetmark Inc. increased its holdings in Match Group by 47.7% during the fourth quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock worth $63,000 after buying an additional 562 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Match Group by 7.3% in the second quarter. First Horizon Advisors Inc. now owns 8,841 shares of the technology company’s stock valued at $269,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Match Group stock traded up $0.90 during trading hours on Friday, hitting $37.32. The company had a trading volume of 5,294,640 shares, compared to its average volume of 5,647,332. The firm has a market cap of $9.91 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.72 and a beta of 1.48. The company has a 50-day moving average price of $33.21 and a two-hundred day moving average price of $33.25. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $47.81.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $856.51 million. During the same period in the prior year, the business earned $0.48 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Match Group, Inc. will post 1.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTCH. KeyCorp lowered their target price on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Susquehanna cut their target price on Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a research note on Monday, May 13th. UBS Group cut their price objective on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Morgan Stanley reduced their price objective on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Wolfe Research started coverage on Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price for the company. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.07.

Match Group 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.