Match Group, Inc. (NASDAQ:MTCH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Match Group, Inc. (NASDAQ:MTCH) have been given an average rating of “Moderate Buy” by the twenty-one research firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $42.07.

A number of analysts recently commented on the company. The Goldman Sachs Group raised their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wolfe Research assumed coverage on Match Group in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price for the company. UBS Group dropped their price target on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Finally, Citigroup increased their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Match Group Price Performance

Shares of MTCH opened at $37.21 on Monday. Match Group has a 1-year low of $27.66 and a 1-year high of $47.81. The company has a market capitalization of $9.60 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.77 and a beta of 1.48. The firm’s 50 day simple moving average is $33.74 and its 200 day simple moving average is $33.33.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. During the same period in the previous year, the business posted $0.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Match Group will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Match Group

Institutional investors and hedge funds have recently made changes to their positions in the company. YHB Investment Advisors Inc. purchased a new stake in Match Group during the 1st quarter valued at $28,000. Principal Securities Inc. bought a new position in shares of Match Group during the fourth quarter valued at $31,000. Mather Group LLC. purchased a new stake in shares of Match Group during the first quarter valued at $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group in the 1st quarter worth about $33,000. Finally, Quarry LP raised its position in Match Group by 54.5% in 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. Institutional investors own 94.05% of the company’s stock.

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.