Match Group (NASDAQ:MTCH) Rating Lowered to Hold at StockNews.com

Match Group (NASDAQ:MTCH - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Thursday.

Several other equities analysts have also recently weighed in on the stock. KeyCorp raised their price target on shares of Match Group from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. cut their price objective on shares of Match Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. Citigroup increased their target price on shares of Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, February 1st. UBS Group upped their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, January 26th. Finally, Raymond James assumed coverage on shares of Match Group in a research note on Thursday. They issued a "market perform" rating for the company. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.58.

Match Group Trading Down 5.7 %

Match Group stock traded down $2.05 during midday trading on Thursday, reaching $33.72. The stock had a trading volume of 6,365,833 shares, compared to its average volume of 6,105,441. Match Group has a 12 month low of $27.85 and a 12 month high of $49.24. The company has a fifty day moving average price of $35.92 and a two-hundred day moving average price of $35.42. The company has a market capitalization of $9.04 billion, a P/E ratio of 14.79, a PEG ratio of 0.56 and a beta of 1.41.

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

Hedge Funds Weigh In On Match Group

A number of large investors have recently made changes to their positions in MTCH. Money Concepts Capital Corp increased its position in shares of Match Group by 27.0% during the fourth quarter. Money Concepts Capital Corp now owns 1,209 shares of the technology company's stock valued at $50,000 after buying an additional 257 shares during the period. Ontario Teachers Pension Plan Board grew its position in shares of Match Group by 4.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 6,936 shares of the technology company's stock valued at $754,000 after purchasing an additional 280 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Match Group by 2.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 10,192 shares of the technology company's stock worth $487,000 after buying an additional 283 shares in the last quarter. Laurel Wealth Advisors Inc. grew its position in Match Group by 6.9% during the first quarter. Laurel Wealth Advisors Inc. now owns 4,480 shares of the technology company's stock worth $488,000 after buying an additional 290 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Match Group by 10.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,460 shares of the technology company's stock worth $144,000 after acquiring an additional 317 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

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.

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