Match Group, Inc. (NASDAQ:MTCH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Match Group, Inc. (NASDAQ:MTCH) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.45.

Several equities analysts recently issued reports on MTCH shares. Piper Sandler restated an “overweight” rating and issued a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. TD Cowen dropped their price target on Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company lowered their price objective on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Match Group from $47.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 9th.

Match Group Trading Up 2.3 %

MTCH opened at $31.55 on Friday. The stock has a market cap of $8.38 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49. Match Group has a 1-year low of $27.66 and a 1-year high of $49.24. The stock’s fifty day simple moving average is $30.66 and its 200 day simple moving average is $33.70.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Equities analysts forecast that Match Group will post 2.11 earnings per share for the current year.

Institutional Trading of Match Group

A number of large investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in shares of Match Group in the 1st quarter worth about $28,000. Principal Securities Inc. bought a new stake in Match Group during the 4th quarter valued at about $31,000. Mather Group LLC. purchased a new stake in Match Group in the 1st quarter valued at about $33,000. Fidelis Capital Partners LLC purchased a new position in Match Group during the 1st quarter worth $33,000. Finally, VisionPoint Advisory Group LLC bought a new position in Match Group during the 3rd quarter worth about $40,000. 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.