Match Group (NASDAQ:MTCH) Given New $46.00 Price Target at TD Cowen

Match Group (NASDAQ:MTCH) had its price objective raised by TD Cowen from $44.00 to $46.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

MTCH has been the topic of a number of other research reports. Citigroup cut their target price on Match Group from $34.00 to $33.00 and set a neutral rating on the stock in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on Match Group from $33.00 to $47.00 and gave the stock an outperform rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a $38.00 target price on shares of Match Group in a research report on Wednesday. Morgan Stanley cut their target price on Match Group from $34.00 to $33.00 and set an equal weight rating on the stock in a research report on Wednesday, July 10th. Finally, Susquehanna lowered their price target on Match Group from $46.00 to $45.00 and set a positive rating on the stock in a report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $43.22.

Match Group Stock Down 2.9 %

Shares of Match Group stock traded down $1.08 during mid-day trading on Thursday, reaching $36.49. 1,464,665 shares of the stock traded hands, compared to its average volume of 5,748,450. The business has a 50-day moving average of $31.70 and a 200 day moving average of $33.45. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $47.81. The stock has a market capitalization of $9.69 billion, a PE ratio of 16.33, a PEG ratio of 0.65 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. Match Group had a negative return on equity of 457.93% and a net margin of 18.72%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. On average, equities research analysts expect that Match Group will post 2.08 EPS for the current fiscal year.

Institutional Trading of Match Group

A number of institutional investors and hedge funds have recently made changes to their positions in MTCH. Lazard Asset Management LLC boosted its position in Match Group by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after buying an additional 80,855 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Match Group by 54.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 85,777 shares of the technology company’s stock valued at $3,131,000 after acquiring an additional 30,229 shares during the period. Norges Bank acquired a new position in Match Group in the fourth quarter worth approximately $112,903,000. FORA Capital LLC purchased a new position in Match Group during the 1st quarter worth approximately $2,410,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Match Group during the 4th quarter worth approximately $5,503,000. 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.