StockNews.com Upgrades Match Group (NASDAQ:MTCH) to Buy

StockNews.com upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities analysts also recently issued reports on MTCH. Morgan Stanley downgraded shares of Match Group from an overweight rating to an equal weight rating and dropped their price objective for the stock from $53.00 to $37.00 in a report on Thursday, April 18th. UBS Group lifted their target price on Match Group from $35.00 to $38.00 and gave the company a neutral rating in a research report on Friday, January 26th. Raymond James initiated coverage on shares of Match Group in a report on Thursday, April 4th. They issued a market perform rating for the company. JPMorgan Chase & Co. dropped their price objective on Match Group from $60.00 to $55.00 and set an overweight rating for the company in a research note on Thursday, February 1st. Finally, KeyCorp raised their target price on shares of Match Group from $48.00 to $50.00 and gave the company an overweight rating in a research note on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $42.82.

Match Group Trading Up 1.0 %

MTCH stock traded up $0.31 during midday trading on Thursday, hitting $32.24. The company’s stock had a trading volume of 5,860,129 shares, compared to its average volume of 5,591,527. Match Group has a 12 month low of $27.85 and a 12 month high of $49.24. The firm’s 50-day moving average is $33.97 and its 200-day moving average is $34.39. The company has a market cap of $8.64 billion, a PE ratio of 14.14, a P/E/G ratio of 0.51 and a beta of 1.43.

Institutional Investors Weigh In On Match Group

Several hedge funds have recently made changes to their positions in MTCH. YHB Investment Advisors Inc. bought a new stake in shares of Match Group in the first quarter valued at about $28,000. Principal Securities Inc. bought a new position in shares of Match Group in the 4th quarter worth $31,000. Mather Group LLC. purchased a new stake in shares of Match Group during the 1st quarter worth $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group during the first quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC purchased a new position in Match Group in the third quarter valued at about $40,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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.