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

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

Several other brokerages have also recently commented on MTCH. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Wolfe Research set a $43.00 target price on shares of Match Group and gave the stock an “outperform” rating in a report on Monday, January 5th. JPMorgan Chase & Co. decreased their target price on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. TD Cowen decreased their target price on shares of Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Truist Financial decreased their target price on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.64.

Match Group Price Performance

Shares of MTCH opened at $35.51 on Friday. The firm’s 50 day moving average is $31.41 and its 200-day moving average is $32.09. The stock has a market capitalization of $8.26 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.58 and a beta of 1.30. Match Group has a 12-month low of $26.80 and a 12-month high of $39.20.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). The business had revenue of $878.01 million during the quarter, compared to analyst estimates of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts forecast that Match Group will post 2.44 EPS for the current fiscal year.

Institutional Trading of Match Group

Institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Match Group during the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Match Group during the third quarter worth approximately $27,000. Activest Wealth Management boosted its holdings in shares of Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after purchasing an additional 848 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Match Group during the third quarter worth approximately $28,000. Finally, Rossby Financial LCC boosted its holdings in shares of Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after purchasing an additional 506 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.