Match Group, Inc. (NASDAQ:MTCH) Receives $46.58 Average PT from Analysts

Match Group, Inc. (NASDAQ:MTCHGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.58.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. UBS Group upped their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price objective on shares of Match Group in a report on Wednesday, March 27th. Wells Fargo & Company assumed coverage on shares of Match Group in a report on Thursday, December 7th. They issued an “equal weight” rating and a $32.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st.

Get Our Latest Stock Analysis on Match Group

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTCH. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Match Group during the 4th quarter worth approximately $5,503,000. SageView Advisory Group LLC acquired a new position in shares of Match Group during the 4th quarter valued at $270,000. Royal London Asset Management Ltd. lifted its position in shares of Match Group by 7.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 111,124 shares of the technology company’s stock valued at $4,056,000 after acquiring an additional 8,118 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Match Group by 35.1% during the 4th quarter. V Square Quantitative Management LLC now owns 6,293 shares of the technology company’s stock valued at $230,000 after acquiring an additional 1,636 shares during the period. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in Match Group during the fourth quarter worth $544,000. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Up 1.1 %

Shares of NASDAQ:MTCH opened at $36.28 on Friday. The company’s fifty day moving average is $35.97 and its two-hundred day moving average is $35.58. Match Group has a 12-month low of $27.85 and a 12-month high of $49.24. The company has a market cap of $9.72 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.58 and a beta of 1.41.

Match Group (NASDAQ:MTCHGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $861.31 million. During the same period in the previous year, the company posted $0.30 EPS. Match Group’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Match Group will post 2.17 earnings per share for the current year.

About Match Group

(Get Free Report

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.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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