Match Group (NASDAQ:MTCH) Price Target Lowered to $46.00 at KeyCorp

Match Group (NASDAQ:MTCH) had its price target lowered by KeyCorp from $50.00 to $46.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

MTCH has been the topic of several other reports. Morgan Stanley downgraded shares of Match Group from an overweight rating to an equal weight rating and dropped their target price for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Citigroup lifted their target price on shares of Match Group from $32.00 to $39.00 and gave the stock a neutral rating in a research report on Thursday, February 1st. Raymond James started coverage on shares of Match Group in a research report on Thursday, April 4th. They issued a market perform rating on the stock. UBS Group lifted their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a neutral rating in a research report on Friday, January 26th. Finally, StockNews.com raised shares of Match Group from a hold rating to a buy rating in a research report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Match Group has a consensus rating of Moderate Buy and a consensus price target of $42.82.

Match Group Stock Down 5.4 %

MTCH stock opened at $29.82 on Monday. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $49.24. The firm’s 50-day simple moving average is $33.77 and its 200 day simple moving average is $34.34. The stock has a market cap of $7.99 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. Match Group’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Equities analysts forecast that Match Group will post 2.16 EPS for the current fiscal year.

Institutional Trading of Match Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners bought a new stake in Match Group in the 3rd quarter valued at $276,406,000. Norges Bank acquired a new position in Match Group in the 4th quarter worth $112,903,000. Bank of Nova Scotia boosted its stake in Match Group by 17,295.4% in the 4th quarter. Bank of Nova Scotia now owns 2,155,632 shares of the technology company’s stock worth $78,678,000 after purchasing an additional 2,143,240 shares during the period. Wellington Management Group LLP increased its position in shares of Match Group by 34.7% in the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock valued at $324,174,000 after acquiring an additional 2,130,646 shares during the last quarter. Finally, Kodai Capital Management LP bought a new stake in Match Group during the fourth quarter worth $47,613,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.