Match Group, Inc. (NASDAQ:MTCH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Match Group, Inc. (NASDAQ:MTCH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $40.90.

Several equities analysts have weighed in on the company. Barclays reduced their price objective on Match Group from $55.00 to $53.00 and set an "overweight" rating for the company in a report on Friday. TD Cowen increased their price target on Match Group from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Evercore ISI upgraded Match Group to a "strong-buy" rating in a research note on Thursday, August 1st. UBS Group cut their target price on shares of Match Group from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday. Finally, HSBC raised shares of Match Group from a "hold" rating to a "buy" rating and set a $43.20 price target on the stock in a research report on Monday, August 5th.

Hedge Funds Weigh In On Match Group

A number of institutional investors have recently made changes to their positions in MTCH. Venturi Wealth Management LLC grew its position in Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock valued at $27,000 after acquiring an additional 605 shares during the last quarter. Quarry LP boosted its position in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company's stock valued at $40,000 after buying an additional 461 shares during the period. Mather Group LLC. grew its stake in shares of Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company's stock valued at $52,000 after buying an additional 794 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Match Group in the 1st quarter valued at about $57,000. Finally, International Assets Investment Management LLC purchased a new stake in Match Group during the 2nd quarter valued at about $61,000. Institutional investors own 94.05% of the company's stock.

Match Group Price Performance

Shares of Match Group stock traded down $0.55 during trading hours on Friday, hitting $30.56. 10,143,629 shares of the company's stock traded hands, compared to its average volume of 5,286,069. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.79 and a beta of 1.51. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The company has a fifty day simple moving average of $36.70 and a 200-day simple moving average of $33.96.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $895.48 million for the quarter, compared to analyst estimates of $900.33 million. Match Group had a net margin of 17.86% and a negative return on equity of 727.22%. On average, analysts forecast that Match Group will post 1.96 EPS for the current fiscal 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.