Match Group (NASDAQ:MTCH) Stock Price Target Raised at Barclays

Match Group (NASDAQ:MTCH) had its target price boosted by Barclays from $51.00 to $52.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective indicates a potential upside of 30.27% from the company’s current price.

Several other analysts have also recently commented on MTCH. Zacks Research cut Match Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. TD Cowen boosted their price target on Match Group from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Needham & Company LLC upgraded Match Group to a “buy” rating in a research report on Tuesday. Morgan Stanley set a $40.00 price target on Match Group in a report on Wednesday, August 5th. Finally, Susquehanna raised their price target on Match Group from $45.00 to $50.00 and gave the company a “positive” rating in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.71.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded down $2.15 during trading hours on Tuesday, hitting $39.92. The stock had a trading volume of 824,179 shares, compared to its average volume of 3,975,888. The stock’s fifty day simple moving average is $42.28 and its 200 day simple moving average is $36.54. Match Group has a 1-year low of $28.81 and a 1-year high of $46.67. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.63 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $891.23 million for the quarter, compared to analysts’ expectations of $892.45 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, research analysts anticipate that Match Group will post 3.31 EPS for the current year.

Insider Transactions at Match Group

In related news, Director Ann Mcdaniel sold 3,531 shares of Match Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total transaction of $149,820.33. Following the transaction, the director directly owned 26,839 shares of the company’s stock, valued at $1,138,778.77. The trade was a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Philip Eigenmann sold 15,000 shares of Match Group stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $41.70, for a total value of $625,500.00. Following the transaction, the chief accounting officer directly owned 19,389 shares in the company, valued at approximately $808,521.30. The trade was a 43.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 23,291 shares of company stock worth $976,478. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Match Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Match Group during the second quarter worth approximately $1,087,055,000. Edmond DE Rothschild Holding S.A. acquired a new position in Match Group in the second quarter worth approximately $154,811,000. Renaissance Technologies LLC grew its position in Match Group by 196.6% in the first quarter. Renaissance Technologies LLC now owns 3,194,368 shares of the technology company’s stock worth $98,099,000 after buying an additional 2,117,414 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Match Group by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,183,576 shares of the technology company’s stock valued at $97,761,000 after buying an additional 92,364 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Match Group by 11.8% in the first quarter. Bank of America Corp DE now owns 3,054,114 shares of the technology company’s stock valued at $93,792,000 after buying an additional 323,006 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group News Roundup

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: Tinder user trends improved. Tinder’s U.S. daily active users returned to year-over-year growth in October, following a similar milestone in September after more than three years of declines. Management also highlighted efforts to improve the app’s user experience and expand artificial-intelligence features. Tinder’s US daily active users return to growth in October as Match ramps up AI efforts
• Positive Sentiment: Hinge continued to deliver strong growth. Match Group reported double-digit year-over-year growth in Hinge users, revenue and payers, providing a second growth engine as Tinder works to stabilize. Match Group Announces Third Quarter Results
• Positive Sentiment: Reported earnings modestly exceeded the main consensus. Third-quarter adjusted EPS was $0.73 versus the $0.71 consensus, while revenue of $891.2 million was broadly in line with expectations. EPS also improved from $0.62 a year earlier. Match Posts Q3 EPS $0.73
• Neutral Sentiment: Analysts maintained Hold ratings. Morgan Stanley kept a $40 target and J.P. Morgan maintained a $43 target, indicating that Tinder’s recovery is encouraging but monetization and profit growth remain unproven. Match Group Holds at $40 Target
• Negative Sentiment: Underlying operating trends remain soft. Revenue declined 2.5% year over year and paying users fell, raising concerns about Match Group’s ability to convert improving engagement into sustainable revenue growth. Some estimates also characterized quarterly EPS as below a broader Zacks consensus, reflecting differing earnings measures.
• Negative Sentiment: Fourth-quarter guidance implies limited growth. Match Group forecast revenue of $865 million to $875 million, roughly 1% lower to flat year over year and close to consensus. Management also expects a new 2027 fee-related headwind of approximately one percentage point to margins. Match Group outlines 2027 margin headwind

About Match Group

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.