JPMorgan Chase & Co. Lowers Match Group (NASDAQ:MTCH) Price Target to $28.00

Match Group (NASDAQ:MTCH) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $29.00 to $28.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.02% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Barclays dropped their target price on shares of Match Group from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday. Hsbc Global Res cut Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. UBS Group reduced their target price on Match Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley decreased their target price on Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Match Group from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.06.

Match Group Stock Down 1.1 %

Shares of NASDAQ MTCH opened at $27.18 on Friday. The firm’s fifty day moving average is $30.05 and its 200 day moving average is $32.08. Match Group has a 52 week low of $26.39 and a 52 week high of $38.84. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.82 and a beta of 1.42.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Institutional Trading of Match Group

Large investors have recently made changes to their positions in the stock. Metis Global Partners LLC grew its position in Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company’s stock worth $358,000 after purchasing an additional 318 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Match Group by 5.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock worth $215,000 after buying an additional 334 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in shares of Match Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company’s stock worth $520,000 after acquiring an additional 349 shares during the period. Assetmark Inc. increased its position in Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Match Group by 3.9% in the first quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company’s stock valued at $321,000 after acquiring an additional 388 shares during the period. 94.05% of the stock is currently owned by 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.