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

Match Group, Inc. (NASDAQ:MTCH) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.07.

A number of research analysts recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $45.00 target price on shares of Match Group in a research report on Wednesday, March 27th. Raymond James began coverage on shares of Match Group in a report on Thursday, April 4th. They set a “market perform” rating on the stock. KeyCorp increased their price objective 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. StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, UBS Group upped their price objective on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 26th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC bought a new stake in Match Group during the third quarter valued at $295,000. DnB Asset Management AS boosted its position in shares of Match Group by 38.6% during the 3rd quarter. DnB Asset Management AS now owns 72,567 shares of the technology company’s stock valued at $2,843,000 after acquiring an additional 20,199 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of Match Group during the third quarter worth about $241,000. Brown Miller Wealth Management LLC increased its position in shares of Match Group by 16.2% in the third quarter. Brown Miller Wealth Management LLC now owns 7,150 shares of the technology company’s stock worth $280,000 after purchasing an additional 997 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Match Group in the third quarter valued at approximately $222,000. 94.05% of the stock is owned by institutional investors.

Match Group Trading Down 0.7 %

Shares of MTCH opened at $31.96 on Tuesday. The company has a market capitalization of $8.57 billion, a PE ratio of 14.02, a PEG ratio of 0.51 and a beta of 1.41. The stock’s 50-day moving average price is $34.89 and its two-hundred day moving average price is $34.73. Match Group has a 12 month low of $27.85 and a 12 month high of $49.24.

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

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.