KeyCorp Issues Pessimistic Forecast for Match Group (NASDAQ:MTCH) Stock Price

Match Group (NASDAQ:MTCH - Get Free Report) had its target price reduced by investment analysts at KeyCorp from $45.00 to $43.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. KeyCorp's price objective suggests a potential upside of 38.71% from the company's previous close.

A number of other equities research analysts also recently issued reports on MTCH. Susquehanna lowered their price target on shares of Match Group from $45.00 to $40.00 and set a "positive" rating on the stock in a report on Friday. Citigroup raised their target price on shares of Match Group from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Wolfe Research started coverage on Match Group in a research report on Tuesday, July 16th. They set an "outperform" rating and a $36.00 price objective for the company. Stifel Nicolaus lifted their price target on Match Group from $34.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Finally, Truist Financial reduced their price objective on Match Group from $37.00 to $35.00 and set a "hold" rating for the company in a report on Friday. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.73.

Match Group Stock Down 2.9 %

MTCH traded down $0.94 during trading on Tuesday, hitting $31.00. 3,411,606 shares of the company's stock were exchanged, compared to its average volume of 5,282,224. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The stock has a market cap of $7.99 billion, a P/E ratio of 14.26, a PEG ratio of 0.63 and a beta of 1.51. The business's 50 day moving average is $36.59 and its two-hundred day moving average is $33.99.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Match Group by 3.4% in the 3rd quarter. Cerity Partners LLC now owns 57,574 shares of the technology company's stock worth $2,179,000 after purchasing an additional 1,898 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Match Group by 11.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,508,192 shares of the technology company's stock valued at $57,070,000 after purchasing an additional 159,663 shares during the period. EULAV Asset Management boosted its position in Match Group by 16.9% during the 3rd quarter. EULAV Asset Management now owns 415,136 shares of the technology company's stock valued at $15,709,000 after purchasing an additional 59,955 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Match Group during the 3rd quarter worth $251,000. Finally, Caprock Group LLC bought a new stake in shares of Match Group in the 3rd quarter worth $221,000. 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.