Truist Financial Issues Positive Forecast for Match Group (NASDAQ:MTCH) Stock Price

Match Group (NASDAQ:MTCH) had its price target lifted by stock analysts at Truist Financial from $41.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Truist Financial‘s price target suggests a potential upside of 11.51% from the stock’s current price.

Other research analysts have also issued reports about the stock. BTIG Research reiterated a “neutral” rating on shares of Match Group in a research note on Tuesday. Evercore raised shares of Match Group from a “cautious” rating to an “outperform” rating and set a $53.00 target price for the company in a research report on Monday, October 19th. UBS Group raised their price target on Match Group from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley set a $40.00 price target on Match Group in a research report on Wednesday, August 5th. Finally, TD Cowen lifted their price objective on Match Group from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $45.21.

Match Group Price Performance

MTCH traded down $2.61 on Tuesday, hitting $39.46. The company had a trading volume of 2,910,909 shares, compared to its average volume of 3,988,232. The company’s fifty day moving average price is $42.28 and its 200 day moving average price is $36.54. Match Group has a 1-year low of $28.81 and a 1-year high of $46.67. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The company had revenue of $891.23 million for the quarter, compared to the consensus estimate of $892.45 million. During the same quarter last year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Match Group will post 3.31 EPS for the current year.

Insider Activity at Match Group

In other news, Director Ann Mcdaniel sold 3,531 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $42.43, for a total transaction of $149,820.33. Following the transaction, the director owned 26,839 shares in the company, valued at approximately $1,138,778.77. The trade was a 11.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Philip D. Eigenmann sold 15,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $41.70, for a total transaction of $625,500.00. Following the completion of the sale, the chief accounting officer owned 19,389 shares of the company’s stock, valued at approximately $808,521.30. The trade was a 43.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,291 shares of company stock valued at $976,478 in the last 90 days. 0.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Match Group

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Match Group in the second quarter valued at about $1,087,055,000. Edmond DE Rothschild Holding S.A. bought a new stake in Match Group during the 2nd quarter worth about $154,811,000. Bank of New York Mellon Corp acquired a new position in Match Group during the 2nd quarter valued at about $100,796,000. Renaissance Technologies LLC lifted its position in Match Group by 196.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,194,368 shares of the technology company’s stock valued at $98,099,000 after purchasing an additional 2,117,414 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Match Group in the 2nd quarter valued at about $77,859,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Stories Impacting Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: Tinder usage is improving. Tinder’s U.S. daily active users returned to year-over-year growth in September and October, an important milestone after more than three years of declines. Match also highlighted continued double-digit user, revenue and payer growth at Hinge. Reuters report on Tinder user growth
• Positive Sentiment: Quarterly results were slightly better on adjusted earnings. Match reported third-quarter revenue of approximately $891 million, broadly in line with expectations, while earnings per share of $0.73 exceeded the cited consensus estimate of $0.71. Revenue, however, declined 2.5% year over year. Match Group third-quarter results
• Neutral Sentiment: Analyst views remain divided. Barclays raised its price target from $51 to $52 and retained an Overweight rating, while Wells Fargo lowered its target from $39 to $38 and maintained Equal Weight. Morgan Stanley and JPMorgan also kept Hold ratings, with targets of $40 and $43, respectively. Barclays rating action
• Negative Sentiment: Near-term growth remains weak. Match guided to fourth-quarter revenue of $865 million to $875 million, implying revenue will be down approximately 1% to flat and is centered near consensus. Investors are also concerned about falling payers and the company’s disclosure of an approximately one-percentage-point margin headwind in 2027. Match Group fourth-quarter guidance
• Negative Sentiment: The recovery is not yet translating into proven monetization or profit growth. Analysts noted that Tinder stabilization, payer trends and margin expansion remain uncertain, limiting the impact of improving engagement metrics on the stock’s valuation. Morgan Stanley Match Group rating

Match Group Company Profile

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.