Match Group, Inc. (NASDAQ:MTCH) Receives Consensus Rating of “Moderate Buy” from Analysts

Match Group, Inc. (NASDAQ:MTCHGet Free Report) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $47.37.

A number of analysts recently weighed in on MTCH shares. KeyCorp raised their target price on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Bank of America assumed coverage on shares of Match Group in a report on Thursday, October 19th. They set a “buy” rating and a $52.00 price target on the stock. Morgan Stanley cut their price target on shares of Match Group from $97.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Susquehanna lowered their target price on shares of Match Group from $55.00 to $39.00 and set a “positive” rating on the stock in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Match Group from $52.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd.

Check Out Our Latest Research Report on MTCH

Hedge Funds Weigh In On Match Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia lifted its holdings in Match Group by 17,295.4% during the 4th quarter. Bank of Nova Scotia now owns 2,155,632 shares of the technology company’s stock valued at $78,678,000 after purchasing an additional 2,143,240 shares during the last quarter. Scotia Capital Inc. lifted its holdings in Match Group by 4.2% during the 4th quarter. Scotia Capital Inc. now owns 36,405 shares of the technology company’s stock valued at $1,329,000 after purchasing an additional 1,460 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Match Group by 4.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 131,025 shares of the technology company’s stock valued at $4,782,000 after purchasing an additional 5,055 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Match Group by 5.0% during the 4th quarter. Allianz Asset Management GmbH now owns 210,922 shares of the technology company’s stock valued at $7,699,000 after purchasing an additional 9,989 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Match Group by 4.9% during the 4th quarter. Stifel Financial Corp now owns 85,106 shares of the technology company’s stock valued at $3,107,000 after purchasing an additional 3,954 shares during the last quarter. 93.56% of the stock is owned by institutional investors.

Match Group Trading Up 4.4 %

NASDAQ MTCH opened at $36.99 on Thursday. Match Group has a 52 week low of $27.85 and a 52 week high of $49.24. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. The company has a 50-day moving average price of $35.85 and a two-hundred day moving average price of $37.79.

Match Group (NASDAQ:MTCHGet Free Report) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. The firm had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. Match Group’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, equities research analysts expect that Match Group will post 2.17 earnings per share for the current fiscal year.

About Match Group

(Get Free Report

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Featured Articles

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.