Match Group, Inc. (NASDAQ:MTCH) Receives $42.43 Average Price Target from Analysts

Match Group, Inc. (NASDAQ:MTCH) has been given an average rating of “Moderate Buy” by the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.43.

A number of brokerages recently issued reports on MTCH. Raymond James began coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating for the company. Susquehanna dropped their price objective on shares of Match Group from $46.00 to $45.00 and set a “positive” rating for the company in a report on Monday, May 13th. TD Cowen dropped their price objective on shares of Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Royal Bank of Canada decreased their target price on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Finally, Citigroup upped their target price on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $29.61 on Friday. The firm has a market cap of $7.87 billion, a PE ratio of 12.87, a PEG ratio of 0.51 and a beta of 1.43. The firm has a fifty day moving average of $32.92 and a 200 day moving average of $34.14. Match Group has a one year low of $27.66 and a one year high of $49.24.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The company had revenue of $860.00 million during the quarter, compared to analyst estimates of $855.77 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Match Group will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Match Group

A number of institutional investors have recently modified their holdings of the business. Empirical Finance LLC increased its holdings in shares of Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after acquiring an additional 326 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Match Group by 46.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company’s stock valued at $42,000 after acquiring an additional 361 shares during the period. Greenwich Wealth Management LLC increased its stake in Match Group by 1.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock valued at $700,000 after buying an additional 361 shares during the period. Blair William & Co. IL increased its stake in Match Group by 4.4% in the 3rd quarter. Blair William & Co. IL now owns 8,941 shares of the technology company’s stock valued at $350,000 after buying an additional 373 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Match Group by 23.5% in the 4th quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock valued at $79,000 after buying an additional 410 shares during the period. 94.05% of the stock is 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.