Match Group, Inc. (NASDAQ:MTCH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Match Group, Inc. (NASDAQ:MTCH) have earned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $40.73.

MTCH has been the topic of several research reports. KeyCorp lowered their price objective on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Barclays lowered their price target on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. 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. Finally, Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th.

Hedge Funds Weigh In On Match Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its stake in Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after buying an additional 605 shares in the last quarter. Quarry LP grew its stake in Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Match Group in the 1st quarter worth approximately $57,000. Mather Group LLC. grew its stake in Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of MTCH stock opened at $30.74 on Friday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.86 and a beta of 1.51. Match Group has a 52 week low of $27.66 and a 52 week high of $42.42. The firm’s 50-day simple moving average is $36.47 and its two-hundred day simple moving average is $33.99.

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.