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

Match Group, Inc. (NASDAQ:MTCH) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.73.

MTCH has been the topic of a number of research analyst reports. Truist Financial decreased their price target on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company lowered their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. KeyCorp cut their price target on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Royal Bank of Canada lowered their price objective on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Barclays cut their target price on Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th.

Match Group Stock Down 1.1 %

Shares of Match Group stock opened at $32.85 on Wednesday. The firm has a market cap of $8.25 billion, a PE ratio of 14.67, a P/E/G ratio of 0.92 and a beta of 1.47. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The business’s fifty day moving average is $35.17 and its two-hundred day moving average is $34.04.

Insider Activity

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares in the company, valued at $391,900.78. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Match Group

Several institutional investors and hedge funds have recently made changes to their positions in MTCH. Starboard Value LP acquired a new stake in Match Group in the third quarter valued at $361,605,000. Assenagon Asset Management S.A. bought a new stake in shares of Match Group in the 2nd quarter worth about $100,848,000. Pacer Advisors Inc. raised its stake in shares of Match Group by 88.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after purchasing an additional 2,940,667 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Match Group during the second quarter worth about $49,053,000. Finally, Dimensional Fund Advisors LP grew its stake in Match Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after purchasing an additional 977,090 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.