Susquehanna Lowers Match Group (NASDAQ:MTCH) Price Target to $40.00

Match Group (NASDAQ:MTCH) had its price objective cut by analysts at Susquehanna from $45.00 to $40.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “positive” rating on the technology company’s stock. Susquehanna’s price objective indicates a potential upside of 30.89% from the stock’s current price.

MTCH has been the topic of a number of other research reports. The Goldman Sachs Group increased their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America reissued a “neutral” rating and issued a $35.00 target price (down previously from $50.00) on shares of Match Group in a report on Thursday. Citigroup boosted their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.90.

Match Group Stock Performance

Shares of MTCH traded down $0.55 during trading hours on Friday, hitting $30.56. The company had a trading volume of 10,143,629 shares, compared to its average volume of 4,311,218. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.63 and a beta of 1.51. The firm has a fifty day moving average price of $36.70 and a 200-day moving average price of $33.96. Match Group has a 52-week low of $27.66 and a 52-week high of $42.42.

Institutional Investors Weigh In On Match Group

Several institutional investors and hedge funds have recently modified their holdings of MTCH. Assenagon Asset Management S.A. purchased a new stake in Match Group in the 2nd quarter worth $100,848,000. Pacer Advisors Inc. boosted its stake in Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after buying an additional 2,940,667 shares during the last quarter. Marshall Wace LLP purchased a new position in Match Group during the 2nd quarter valued at approximately $49,053,000. Capitolis Liquid Global Markets LLC increased its stake in Match Group by 668.9% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock worth $47,309,000 after acquiring an additional 1,134,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after acquiring an additional 977,090 shares in the last quarter. Institutional investors 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.