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

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

A number of other research firms have also issued reports on MTCH. Evercore ISI lowered shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price on the stock. in a report on Thursday, February 6th. BTIG Research lowered Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Finally, Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.58.

Match Group Stock Performance

Shares of NASDAQ MTCH traded up $0.10 during trading on Friday, reaching $30.17. The stock had a trading volume of 2,954,952 shares, compared to its average volume of 4,938,016. The company has a market cap of $7.56 billion, a P/E ratio of 14.94, a PEG ratio of 0.82 and a beta of 1.49. Match Group has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The business's 50-day moving average price is $30.60 and its 200-day moving average price is $32.62.

Match Group (NASDAQ:MTCH - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. Analysts forecast that Match Group will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Match Group

Several institutional investors have recently added to or reduced their stakes in MTCH. NBC Securities Inc. acquired a new position in shares of Match Group in the first quarter valued at approximately $37,000. Canada Post Corp Registered Pension Plan purchased a new position in Match Group in the 4th quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Match Group by 30,240.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after buying an additional 1,512 shares during the period. Mather Group LLC. increased its stake in Match Group by 130.1% in the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after buying an additional 1,434 shares during the period. Finally, Assetmark Inc. raised its position in Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds 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.