Match Group (NASDAQ:MTCH) Given New $38.00 Price Target at UBS Group

Match Group (NASDAQ:MTCH) had its target price dropped by investment analysts at UBS Group from $43.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 24.35% from the company’s current price.

A number of other equities research analysts have also weighed in on MTCH. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. Wolfe Research started coverage on Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective on the stock. Bank of America reissued a “neutral” rating and set a $35.00 price target (down previously from $50.00) on shares of Match Group in a research note on Thursday. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.90.

Match Group Stock Performance

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

Hedge Funds Weigh In On Match Group

A number of large investors have recently bought and sold shares of MTCH. Venturi Wealth Management LLC lifted its holdings in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after acquiring an additional 605 shares during the last quarter. Quarry LP lifted its holdings in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after acquiring an additional 461 shares during the last quarter. Mather Group LLC. lifted its holdings in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares during the last quarter. Sentry Investment Management LLC bought a new position in Match Group in the first quarter worth about $57,000. Finally, International Assets Investment Management LLC bought a new position in Match Group in the second quarter worth about $61,000. 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.