Match Group (NASDAQ:MTCH) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a strong-buy rating in a report released on Monday morning, Zacks.com reports.

Several other equities research analysts also recently issued reports on the stock. Susquehanna cut their target price on shares of Match Group from $46.00 to $45.00 and set a positive rating for the company in a research note on Monday, May 13th. Wolfe Research started coverage on shares of Match Group in a report on Tuesday, July 16th. They issued an outperform rating and a $36.00 price target on the stock. Truist Financial increased their price target on shares of Match Group from $33.00 to $37.00 and gave the company a hold rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price target on shares of Match Group from $33.00 to $47.00 and gave the company an outperform rating in a report on Thursday, August 1st. Finally, UBS Group lowered their price target on shares of Match Group from $40.00 to $36.00 and set a neutral rating on the stock in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $42.07.

Match Group Price Performance

Match Group stock opened at $34.87 on Monday. The firm has a 50-day moving average of $32.30 and a 200-day moving average of $33.42. Match Group has a one year low of $27.66 and a one year high of $47.81. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.63 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. During the same period last year, the business posted $0.48 EPS. Match Group’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Match Group will post 1.98 earnings per share for the current year.

Institutional Trading of Match Group

A number of hedge funds have recently added to or reduced their stakes in MTCH. YHB Investment Advisors Inc. acquired a new stake in Match Group in the first quarter valued at approximately $28,000. Principal Securities Inc. acquired a new position in Match Group in the fourth quarter valued at $31,000. Mather Group LLC. acquired a new position in Match Group in the first quarter valued at $33,000. Fidelis Capital Partners LLC acquired a new position in Match Group in the first quarter valued at $33,000. Finally, GAMMA Investing LLC bought a new stake in Match Group in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.