Shares of Match Group, Inc. (NASDAQ:MTCH – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $46.58.
Several equities research analysts have recently weighed in on MTCH shares. KeyCorp raised their target price on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Citigroup raised their target price on Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. UBS Group raised their target price on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. cut their target price on Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price target on shares of Match Group in a research report on Wednesday.
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Match Group Price Performance
MTCH stock opened at $36.28 on Friday. The firm has a market capitalization of $9.72 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.57 and a beta of 1.41. The business’s 50-day moving average is $35.97 and its two-hundred day moving average is $35.68. Match Group has a 1 year low of $27.85 and a 1 year high of $49.24.
Match Group (NASDAQ:MTCH – Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. The company had revenue of $866.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. On average, analysts expect that Match Group will post 2.17 EPS for the current year.
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.
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