Stifel Nicolaus Increases Match Group (NASDAQ:MTCH) Price Target to $39.00

Match Group (NASDAQ:MTCH) had its price objective lifted by Stifel Nicolaus from $34.00 to $39.00 in a report released on Thursday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

MTCH has been the subject of several other research reports. Wells Fargo & Company reduced their price objective on shares of Match Group from $31.00 to $30.00 and set an equal weight rating for the company in a research note on Thursday, May 9th. Truist Financial boosted their price objective on shares of Match Group from $33.00 to $37.00 and gave the company a hold rating in a research note on Thursday. Citigroup reduced their price objective on shares of Match Group from $34.00 to $33.00 and set a neutral rating for the company in a research note on Monday, July 15th. Morgan Stanley reduced their price objective on shares of Match Group from $34.00 to $33.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Finally, Susquehanna cut their price target on shares of Match Group from $46.00 to $45.00 and set a positive rating for the company in a research note on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $42.07.

Match Group Stock Performance

MTCH stock traded down $1.10 during mid-day trading on Thursday, hitting $35.57. The company had a trading volume of 2,975,951 shares, compared to its average volume of 5,758,654. The firm has a market cap of $9.45 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48. Match Group has a 12 month low of $27.66 and a 12 month high of $47.81. The stock’s fifty day moving average price is $31.84 and its two-hundred day moving average price is $33.40.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. Equities analysts anticipate that Match Group will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Match Group

Several hedge funds and other institutional investors have recently bought and sold shares of MTCH. Empirical Finance LLC grew its holdings in Match Group by 4.9% during the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after buying an additional 326 shares in the last quarter. Greenwich Wealth Management LLC grew its holdings in Match Group by 1.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock valued at $700,000 after buying an additional 361 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Match Group by 23.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock valued at $79,000 after buying an additional 410 shares in the last quarter. Arizona State Retirement System grew its holdings in Match Group by 0.6% during the 4th quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock valued at $2,790,000 after buying an additional 459 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Match Group by 6.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after buying an additional 478 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

About Match Group

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.