Match Group (NASDAQ:MTCH) Price Target Raised to $65.00 at Jefferies Financial Group

Match Group (NASDAQ:MTCHGet Rating) had its price objective hoisted by Jefferies Financial Group from $60.00 to $65.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Match Group from $80.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, October 18th. Loop Capital upped their price objective on shares of Match Group from $45.00 to $50.00 in a report on Tuesday. StockNews.com upgraded shares of Match Group from a sell rating to a hold rating in a report on Thursday, November 3rd. Evercore ISI cut their price objective on shares of Match Group to $65.00 in a report on Thursday, October 13th. Finally, Morgan Stanley cut their price objective on shares of Match Group from $100.00 to $90.00 and set an overweight rating on the stock in a report on Tuesday, October 11th. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $81.72.

Match Group Trading Down 2.3 %

MTCH stock opened at $50.85 on Tuesday. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 154.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. The company’s 50 day moving average is $44.89 and its 200 day moving average is $52.25. Match Group has a 1-year low of $38.64 and a 1-year high of $121.49.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $809.55 million for the quarter, compared to the consensus estimate of $793.03 million. Match Group had a net margin of 3.39% and a negative return on equity of 94.07%. As a group, sell-side analysts forecast that Match Group will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Match Group

Several large investors have recently bought and sold shares of the stock. Zions Bancorporation N.A. raised its holdings in shares of Match Group by 122.3% in the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock valued at $29,000 after buying an additional 225 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Match Group in the second quarter valued at about $30,000. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of Match Group during the 3rd quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its holdings in Match Group by 88.2% during the third quarter. Parkside Financial Bank & Trust now owns 557 shares of the technology company’s stock worth $26,000 after purchasing an additional 261 shares during the last quarter. Finally, Institutional & Family Asset Management LLC grew its stake in Match Group by 42.1% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 93.53% of the company’s stock.

Match Group Company Profile

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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