Match Group (NASDAQ:MTCH) Price Target Cut to $38.00 by Analysts at Wells Fargo & Company

Match Group (NASDAQ:MTCH) had its target price reduced by Wells Fargo & Company from $39.00 to $38.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 3.42% from the stock’s current price.

Several other equities analysts also recently commented on the company. Susquehanna raised their target price on Match Group from $45.00 to $50.00 and gave the stock a “positive” rating in a research report on Tuesday. Truist Financial upped their price target on Match Group from $37.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on Match Group in a research note on Monday, August 24th. They set a “neutral” rating and a $43.00 price objective for the company. Needham & Company LLC raised Match Group to a “buy” rating in a report on Tuesday. Finally, Evercore upgraded shares of Match Group from a “cautious” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Monday, October 19th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.64.

Match Group Trading Down 6.5%

NASDAQ:MTCH traded down $2.73 during mid-day trading on Tuesday, hitting $39.34. The company’s stock had a trading volume of 1,795,009 shares, compared to its average volume of 3,982,747. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.63 and a beta of 1.43. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $46.67. The stock has a fifty day moving average of $42.28 and a 200-day moving average of $36.54.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Monday, November 2nd. The technology company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $0.62 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts anticipate that Match Group will post 3.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stephen Bailey sold 4,760 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $42.26, for a total value of $201,157.60. Following the transaction, the director directly owned 11,742 shares of the company’s stock, valued at $496,216.92. The trade was a 28.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn Schiffman purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the completion of the transaction, the director owned 56,370 shares in the company, valued at $2,064,833.10. The trade was a 5.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 23,291 shares of company stock worth $976,478. Corporate insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Match Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Match Group during the second quarter worth $1,087,055,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Match Group in the second quarter valued at about $154,811,000. Renaissance Technologies LLC raised its holdings in shares of Match Group by 196.6% in the first quarter. Renaissance Technologies LLC now owns 3,194,368 shares of the technology company’s stock valued at $98,099,000 after buying an additional 2,117,414 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Match Group by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,183,576 shares of the technology company’s stock valued at $97,761,000 after buying an additional 92,364 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Match Group by 11.8% during the 1st quarter. Bank of America Corp DE now owns 3,054,114 shares of the technology company’s stock worth $93,792,000 after buying an additional 323,006 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Match Group

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

• Positive Sentiment: Tinder user trends improved. Tinder’s U.S. daily active users returned to year-over-year growth in October, following a similar milestone in September after more than three years of declines. Management also highlighted efforts to improve the app’s user experience and expand artificial-intelligence features. Tinder’s US daily active users return to growth in October as Match ramps up AI efforts
• Positive Sentiment: Hinge continued to deliver strong growth. Match Group reported double-digit year-over-year growth in Hinge users, revenue and payers, providing a second growth engine as Tinder works to stabilize. Match Group Announces Third Quarter Results
• Positive Sentiment: Reported earnings modestly exceeded the main consensus. Third-quarter adjusted EPS was $0.73 versus the $0.71 consensus, while revenue of $891.2 million was broadly in line with expectations. EPS also improved from $0.62 a year earlier. Match Posts Q3 EPS $0.73
• Neutral Sentiment: Analysts maintained Hold ratings. Morgan Stanley kept a $40 target and J.P. Morgan maintained a $43 target, indicating that Tinder’s recovery is encouraging but monetization and profit growth remain unproven. Match Group Holds at $40 Target
• Negative Sentiment: Underlying operating trends remain soft. Revenue declined 2.5% year over year and paying users fell, raising concerns about Match Group’s ability to convert improving engagement into sustainable revenue growth. Some estimates also characterized quarterly EPS as below a broader Zacks consensus, reflecting differing earnings measures.
• Negative Sentiment: Fourth-quarter guidance implies limited growth. Match Group forecast revenue of $865 million to $875 million, roughly 1% lower to flat year over year and close to consensus. Management also expects a new 2027 fee-related headwind of approximately one percentage point to margins. Match Group outlines 2027 margin headwind

About Match Group

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.