Match Group (NASDAQ:MTCH) Raised to “Buy” at StockNews.com

Match Group (NASDAQ:MTCH) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Other analysts have also issued research reports about the stock. Bank of America reduced their target price on shares of Match Group from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Wells Fargo & Company dropped their target price 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. Hsbc Global Res lowered Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday. Finally, BTIG Research downgraded Match Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.06.

Match Group Stock Down 1.1 %

MTCH stock opened at $27.18 on Friday. The firm has a market capitalization of $6.81 billion, a PE ratio of 13.46, a P/E/G ratio of 0.82 and a beta of 1.42. Match Group has a twelve month low of $26.39 and a twelve month high of $38.84. The stock’s 50 day moving average is $30.05 and its 200-day moving average is $32.08.

Insider Transactions at Match Group

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Match Group

A number of institutional investors have recently added to or reduced their stakes in MTCH. NBC Securities Inc. bought a new position in shares of Match Group in the first quarter worth approximately $37,000. Canada Post Corp Registered Pension Plan purchased a new position in Match Group in the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,512 shares during the last quarter. Mather Group LLC. increased its stake in Match Group by 130.1% in the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,434 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock worth $99,000 after purchasing an additional 378 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Company Profile

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.