Match Group (NASDAQ:MTCH) Stock Rating Lowered by StockNews.com

Match Group (NASDAQ:MTCH - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

A number of other research firms have also weighed in on MTCH. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. Morgan Stanley dropped their price objective on Match Group from $36.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group reduced 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 note on Friday, November 8th. Evercore ISI raised shares of Match Group to a "strong-buy" rating in a research report on Thursday, August 1st. Finally, Susquehanna cut 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, November 8th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.73.

Match Group Stock Down 1.8 %

NASDAQ:MTCH traded down $0.55 on Friday, hitting $30.71. The stock had a trading volume of 3,737,633 shares, compared to its average volume of 5,280,531. Match Group has a 52 week low of $27.66 and a 52 week high of $42.42. The business's fifty day moving average is $36.26 and its 200 day moving average is $33.95. The company has a market cap of $7.92 billion, a PE ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51.

Hedge Funds Weigh In On Match Group

Several hedge funds have recently bought and sold shares of MTCH. Venturi Wealth Management LLC increased its position in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock worth $27,000 after purchasing an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Match Group in the 3rd quarter worth $31,000. Quarry LP raised its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company's stock valued at $40,000 after buying an additional 461 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company's stock worth $52,000 after acquiring an additional 794 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Match Group in the third quarter worth $57,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

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.