Analysts Set Match Group, Inc. (NASDAQ:MTCH) Target Price at $43.07

Shares of Match Group, Inc. (NASDAQ:MTCH) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.07.

Several equities analysts have recently commented on MTCH shares. Morgan Stanley lowered shares of Match Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. UBS Group raised their price target on shares of Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. KeyCorp boosted their price objective on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. reduced their price target on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st.

Match Group Stock Down 0.8 %

Shares of Match Group stock opened at $31.69 on Tuesday. The business has a 50-day moving average price of $34.61 and a 200 day moving average price of $34.65. Match Group has a fifty-two week low of $27.85 and a fifty-two week high of $49.24. The firm has a market cap of $8.49 billion, a P/E ratio of 13.90, a P/E/G 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. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $861.31 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Match Group will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On Match Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in shares of Match Group in the 4th quarter worth approximately $31,000. Mather Group LLC. bought a new position in shares of Match Group in the first quarter valued at $33,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Match Group during the 3rd quarter valued at $40,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Match Group by 46.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after acquiring an additional 361 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,089 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Company Profile

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.