Match Group, Inc. (NASDAQ:MTCH) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Match Group, Inc. (NASDAQ:MTCH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.07.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Match Group from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, February 1st. Piper Sandler reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Match Group in a research report on Wednesday, March 27th. UBS Group raised their target price on Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Raymond James initiated coverage on Match Group in a report on Thursday, April 4th. They issued a "market perform" rating for the company. Finally, Morgan Stanley cut shares of Match Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $53.00 to $37.00 in a report on Thursday, April 18th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in Match Group in the 4th quarter valued at about $31,000. Mather Group LLC. acquired a new position in Match Group during the first quarter worth approximately $33,000. VisionPoint Advisory Group LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $40,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Match Group by 46.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,146 shares of the technology company's stock valued at $42,000 after buying an additional 361 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Match Group by 432.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,341 shares of the technology company's stock worth $49,000 after buying an additional 1,089 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Performance

Shares of MTCH stock traded down $0.27 during trading hours on Tuesday, reaching $31.69. The company had a trading volume of 3,360,982 shares, compared to its average volume of 5,772,581. Match Group has a 12-month low of $27.85 and a 12-month high of $49.24. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.51 and a beta of 1.41. The stock has a fifty day moving average of $34.89 and a 200-day moving average of $34.73.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.49 by $0.32. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. On average, analysts forecast that Match Group will post 2.17 EPS for the current year.

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.