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

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

A number of other brokerages have also recently issued reports on MTCH. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their price objective on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. Evercore ISI raised Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Trading Up 1.7 %

MTCH stock opened at $31.26 on Friday. The stock has a market cap of $8.06 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. Match Group has a 1 year low of $27.66 and a 1 year high of $42.42. The stock has a 50-day moving average price of $36.36 and a two-hundred day moving average price of $33.96.

Institutional Investors Weigh In On Match Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Starboard Value LP bought a new stake in Match Group during the 3rd quarter worth approximately $361,605,000. Paloma Partners Management Co raised its position in Match Group by 510.3% in the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company’s stock valued at $2,463,000 after buying an additional 54,422 shares during the last quarter. Erste Asset Management GmbH bought a new position in Match Group during the 3rd quarter valued at $1,802,000. Infrastructure Capital Advisors LLC purchased a new position in Match Group during the 3rd quarter worth $219,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of Match Group in the 3rd quarter worth $57,000. 94.05% of the stock is owned by institutional investors.

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.