Match Group (NASDAQ:MTCH) Raised to Buy at StockNews.com

Match Group (NASDAQ:MTCH) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

MTCH has been the subject of a number of other reports. Evercore ISI raised Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Citigroup upped their price target on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a report on Monday, August 5th. Morgan Stanley lowered their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company cut their price target on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average price target of $40.90.

Match Group Stock Down 1.8 %

Shares of NASDAQ:MTCH opened at $30.56 on Thursday. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The firm’s 50 day moving average price is $36.70 and its 200 day moving average price is $33.96. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that Match Group will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Match Group

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in shares of Match Group by 24.5% during the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock worth $14,908,000 after acquiring an additional 80,855 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after buying an additional 416,140 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Match Group by 146.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock valued at $4,929,000 after buying an additional 83,166 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Match Group by 117.5% during the first quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after acquiring an additional 118,142 shares during the period. Finally, Cetera Investment Advisers raised its position in Match Group by 98.0% in the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock worth $2,885,000 after acquiring an additional 39,357 shares in the last quarter. 94.05% of the stock is 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.