Match Group (NASDAQ:MTCH) Stock Rating Upgraded by Wall Street Zen

Match Group (NASDAQ:MTCH) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

MTCH has been the topic of several other reports. Evercore ISI reduced their price objective on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday. Susquehanna increased their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. UBS Group lifted their price objective on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Truist Financial decreased their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.50.

Match Group Stock Performance

Shares of MTCH stock opened at $32.87 on Friday. Match Group has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The stock’s fifty day moving average is $34.82 and its two-hundred day moving average is $33.24. The firm has a market capitalization of $7.91 billion, a P/E ratio of 16.19, a PEG ratio of 0.63 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.09). The business had revenue of $914.28 million for the quarter, compared to analysts’ expectations of $882.09 million. Match Group had a negative return on equity of 398.05% and a net margin of 15.59%.Match Group’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Match Group has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Match Group will post 2.44 earnings per share for the current year.

Insider Activity at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total transaction of $203,796.34. Following the completion of the sale, the director owned 21,926 shares in the company, valued at approximately $823,979.08. The trade was a 19.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total transaction of $245,043.12. Following the completion of the transaction, the chief accounting officer owned 23,240 shares of the company’s stock, valued at approximately $871,964.80. The trade was a 21.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by insiders.

Institutional Trading of Match Group

Large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after purchasing an additional 326 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Match Group by 2.8% in the third quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after purchasing an additional 333 shares during the period. Applied Finance Capital Management LLC grew its position in shares of Match Group by 5.1% during the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock valued at $215,000 after buying an additional 334 shares during the last quarter. Bollard Group LLC raised its stake in Match Group by 0.7% during the second quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock worth $1,685,000 after acquiring an additional 356 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after acquiring an additional 362 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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.