Analysts Set Match Group, Inc. (NASDAQ:MTCH) PT at $42.07

Shares of Match Group, Inc. (NASDAQ:MTCH) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.07.

MTCH has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial lifted their price target on shares of Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $36.30 on Friday. The business’s 50-day simple moving average is $35.58 and its 200 day simple moving average is $33.28. The company has a market cap of $9.64 billion, a P/E ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.50. Match Group has a one year low of $27.66 and a one year high of $42.42.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $864.07 million for the quarter, compared to analyst estimates of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. Analysts predict that Match Group will post 1.98 earnings per share for the current year.

Institutional Trading of Match Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gryphon Financial Partners LLC acquired a new stake in Match Group in the fourth quarter worth $149,000. Principal Securities Inc. acquired a new position in shares of Match Group during the fourth quarter valued at $31,000. Dimensional Fund Advisors LP grew its position in shares of Match Group by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock worth $44,799,000 after acquiring an additional 85,775 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Match Group by 43.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,699 shares of the technology company’s stock worth $2,836,000 after acquiring an additional 23,537 shares during the period. Finally, Norges Bank bought a new stake in Match Group in the 4th quarter valued at about $112,903,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.