Brokerages Set Match Group, Inc. (NASDAQ:MTCH) PT at $40.90

Shares of Match Group, Inc. (NASDAQ:MTCH) have received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $40.73.

MTCH has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Royal Bank of Canada cut their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. UBS Group decreased their price target on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research report on Monday, August 5th. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC grew its stake in shares of Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after purchasing an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Match Group in the 3rd quarter valued at $31,000. Quarry LP raised its position in Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in shares of Match Group in the first quarter valued at about $57,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Down 1.8 %

Shares of MTCH stock opened at $30.71 on Friday. The firm has a 50 day moving average of $36.26 and a two-hundred day moving average of $33.95. The stock has a market capitalization of $7.92 billion, a PE ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51. Match Group has a 52 week low of $27.66 and a 52 week high of $42.42.

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.