Match Group (NASDAQ:MTCH) PT Lowered to $85.00

Match Group (NASDAQ:MTCHGet Rating) had its target price dropped by equities research analysts at Susquehanna from $100.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “positive” rating on the technology company’s stock. Susquehanna’s target price suggests a potential upside of 25.41% from the company’s current price.

Several other analysts have also issued reports on MTCH. Wells Fargo & Company upgraded shares of Match Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $140.00 to $115.00 in a research report on Monday, May 9th. Piper Sandler decreased their price objective on shares of Match Group from $160.00 to $125.00 in a research report on Wednesday, May 4th. BTIG Research cut shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Wednesday. Morgan Stanley reduced their price target on shares of Match Group from $150.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Cowen dropped their price target on shares of Match Group from $128.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Match Group has an average rating of “Moderate Buy” and an average target price of $98.86.

Match Group Stock Up 1.9 %

Shares of MTCH stock opened at $67.78 on Thursday. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 211.82, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15. Match Group has a 12-month low of $59.15 and a 12-month high of $182.00. The firm has a fifty day moving average of $73.31 and a 200-day moving average of $88.77.

Match Group (NASDAQ:MTCHGet Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Match Group had a net margin of 3.48% and a negative return on equity of 164.13%. The company had revenue of $798.63 million for the quarter, compared to analysts’ expectations of $795.03 million. During the same period in the prior year, the firm earned $0.57 EPS. Match Group’s quarterly revenue was up 19.6% compared to the same quarter last year. Research analysts expect that Match Group will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Match Group

In other Match Group news, CEO Bernard Jin Kim purchased 16,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $63.58 per share, for a total transaction of $1,017,280.00. Following the acquisition, the chief executive officer now owns 16,000 shares in the company, valued at approximately $1,017,280. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Match Group

A number of hedge funds have recently bought and sold shares of MTCH. Vanguard Group Inc. grew its stake in Match Group by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock worth $3,170,951,000 after buying an additional 500,418 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Match Group by 16.8% in the first quarter. BlackRock Inc. now owns 27,564,956 shares of the technology company’s stock worth $2,997,413,000 after acquiring an additional 3,955,469 shares during the last quarter. Edgewood Management LLC raised its holdings in shares of Match Group by 1.3% in the first quarter. Edgewood Management LLC now owns 16,721,962 shares of the technology company’s stock worth $1,818,346,000 after acquiring an additional 216,992 shares during the last quarter. State Street Corp increased its stake in Match Group by 0.5% in the first quarter. State Street Corp now owns 12,492,462 shares of the technology company’s stock valued at $1,358,430,000 after purchasing an additional 58,027 shares during the last quarter. Finally, Lone Pine Capital LLC grew its position in Match Group by 14.1% during the fourth quarter. Lone Pine Capital LLC now owns 8,872,280 shares of the technology company’s stock valued at $1,173,359,000 after acquiring an additional 1,098,413 shares during the period. Institutional investors and hedge funds own 96.11% of the company’s stock.

About Match Group

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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