Match Group, Inc. (NASDAQ:MTCH) Receives $43.07 Average Price Target from Brokerages

Match Group, Inc. (NASDAQ:MTCH) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.07.

A number of research firms have recently weighed in on MTCH. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Match Group in a research report on Wednesday, March 27th. KeyCorp lifted their price objective on Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Morgan Stanley lowered shares of Match Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. Raymond James began coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating on the stock. Finally, UBS Group increased their price objective on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 26th.

Match Group Trading Down 0.8 %

Shares of NASDAQ MTCH opened at $31.69 on Tuesday. The stock has a fifty day simple moving average of $34.61 and a 200-day simple moving average of $34.65. Match Group has a twelve month low of $27.85 and a twelve month high of $49.24. The stock has a market capitalization of $8.49 billion, a PE ratio of 13.90, a PEG ratio of 0.51 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.32. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. On average, equities analysts predict that Match Group will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On Match Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in shares of Match Group by 17.7% in the 3rd quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company’s stock valued at $461,000 after acquiring an additional 1,770 shares during the period. Nordea Investment Management AB raised its holdings in shares of Match Group by 22.4% in the fourth quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company’s stock valued at $37,961,000 after buying an additional 191,615 shares during the last quarter. Scharf Investments LLC acquired a new stake in shares of Match Group during the fourth quarter worth about $31,526,000. American Century Companies Inc. grew its holdings in shares of Match Group by 13.9% during the third quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company’s stock worth $59,152,000 after buying an additional 184,325 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Match Group by 4,348.2% in the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company’s stock valued at $2,918,000 after acquiring an additional 78,138 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.