Match Group (NASDAQ:MTCH) Stock Gets Price Target Increase from Truist Financial

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

Other equities research analysts have also issued reports about the stock. 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 report on Monday, October 19th. Wall Street Zen lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Needham & Company LLC upgraded shares of Match Group to a “buy” rating in a research report on Tuesday. Zacks Research downgraded Match Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Morgan Stanley set a $40.00 target price on Match Group in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.21.

Match Group Trading Down 6.2%

Shares of MTCH stock traded down $2.61 on Tuesday, reaching $39.46. The company had a trading volume of 2,910,909 shares, compared to its average volume of 3,988,232. The stock has a market cap of $9.06 billion, a PE ratio of 13.92, a PEG ratio of 0.63 and a beta of 1.43. The company has a 50-day moving average of $42.28 and a 200-day moving average of $36.54. Match Group has a 12 month low of $28.81 and a 12 month high of $46.67.

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, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $891.23 million for the quarter, compared to analyst estimates of $892.45 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. Match Group’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. Sell-side analysts anticipate that Match Group will post 3.31 earnings per share for the current year.

Insider Activity at Match Group

In other news, CAO Philip D. Eigenmann sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $41.70, for a total value of $625,500.00. Following the completion of the transaction, the chief accounting officer owned 19,389 shares in the company, valued at $808,521.30. This represents a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Glenn Schiffman purchased 3,000 shares of Match Group stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $36.63 per share, with a total value of $109,890.00. Following the acquisition, the director directly owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. This trade represents a 5.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 23,291 shares of company stock valued at $976,478. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Match Group

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. acquired a new stake in shares of Match Group in the 3rd quarter valued at about $9,319,000. Ashton Thomas Private Wealth LLC acquired a new stake in Match Group in the 3rd quarter valued at approximately $224,000. Chicago Partners Investment Group LLC raised its position in Match Group by 7.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 55,562 shares of the technology company’s stock valued at $2,541,000 after buying an additional 4,073 shares during the last quarter. AIA Group Ltd bought a new stake in Match Group in the 3rd quarter valued at approximately $221,000. Finally, Greenleaf Trust bought a new stake in Match Group in the 3rd quarter valued at approximately $209,000. 94.05% of the stock is owned by institutional investors.

Trending Headlines about 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

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.