Match Group (NASDAQ:MTCH) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Match Group (NASDAQ:MTCH) from a buy rating to a hold rating in a research report report published on Wednesday morning.

MTCH has been the subject of a number of other reports. Royal Bank of Canada reduced their price target on shares of Match Group from $43.00 to $33.00 and set an outperform rating for the company in a report on Thursday, May 9th. UBS Group decreased their target price on Match Group from $40.00 to $36.00 and set a neutral rating for the company in a research report on Thursday, May 9th. Raymond James began coverage on Match Group in a research note on Thursday, April 4th. They issued a market perform rating for the company. The Goldman Sachs Group decreased their price objective on Match Group from $47.00 to $37.00 and set a buy rating for the company in a report on Thursday, May 9th. Finally, Citigroup lifted their price target on shares of Match Group from $32.00 to $39.00 and gave the company a neutral rating in a research report on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Match Group has an average rating of Moderate Buy and a consensus price target of $42.43.

Match Group Trading Down 1.4 %

NASDAQ:MTCH opened at $29.61 on Wednesday. The stock’s 50-day moving average is $32.92 and its 200-day moving average is $34.14. Match Group has a 1-year low of $27.66 and a 1-year high of $49.24. The stock has a market cap of $7.87 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, equities analysts forecast that Match Group will post 2.11 EPS for the current year.

Institutional Trading of Match Group

A number of large investors have recently added to or reduced their stakes in MTCH. Vanguard Group Inc. boosted its position in Match Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares during the period. Wellington Management Group LLP boosted its holdings in Match Group by 34.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock worth $324,174,000 after buying an additional 2,130,646 shares during the period. Ameriprise Financial Inc. grew its stake in Match Group by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,703,972 shares of the technology company’s stock valued at $301,798,000 after buying an additional 377,745 shares in the last quarter. Boston Partners bought a new stake in Match Group during the 3rd quarter valued at $276,406,000. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of Match Group by 30.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock worth $148,034,000 after acquiring an additional 943,894 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.