Match Group (NASDAQ:MTCH) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Match Group (NASDAQ:MTCH) from a buy rating to a hold rating in a research note released on Friday.

Other analysts also recently issued research reports about the stock. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a research note on Monday, August 5th. Royal Bank of Canada dropped their price target on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Barclays cut their target price on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price target on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Down 0.7 %

MTCH stock opened at $30.51 on Friday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.85 and a beta of 1.51. Match Group has a twelve month low of $27.66 and a twelve month high of $42.42. The business’s fifty day simple moving average is $36.04 and its two-hundred day simple moving average is $33.98.

Institutional Trading of Match Group

Hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC lifted its holdings in Match Group by 131.9% in the third quarter. TD Private Client Wealth LLC now owns 6,515 shares of the technology company’s stock valued at $247,000 after acquiring an additional 3,705 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Match Group in the third quarter worth about $249,000. Prestige Wealth Management Group LLC boosted its stake in shares of Match Group by 17.2% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 5,128 shares of the technology company’s stock worth $194,000 after acquiring an additional 753 shares in the last quarter. M&T Bank Corp increased its stake in shares of Match Group by 13.2% in the 3rd quarter. M&T Bank Corp now owns 21,551 shares of the technology company’s stock valued at $816,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Match Group by 1.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 74,284 shares of the technology company’s stock worth $2,811,000 after buying an additional 1,088 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.