KeyCorp Lowers Match Group (NASDAQ:MTCH) Price Target to $46.00

Match Group (NASDAQ:MTCH - Get Free Report) had its price objective dropped by equities research analysts at KeyCorp from $50.00 to $46.00 in a report released on Monday, Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. KeyCorp's target price suggests a potential upside of 42.68% from the company's previous close.

Several other brokerages also recently weighed in on MTCH. Raymond James initiated coverage on shares of Match Group in a report on Thursday, April 4th. They issued a "market perform" rating on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. StockNews.com upgraded Match Group from a "hold" rating to a "buy" rating in a research report on Thursday. Citigroup increased their price target on shares of Match Group from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.82.

Match Group Price Performance

Match Group stock traded up $0.31 during trading hours on Monday, reaching $32.24. The stock had a trading volume of 5,943,264 shares, compared to its average volume of 5,592,833. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.51 and a beta of 1.43. Match Group has a 52 week low of $27.85 and a 52 week high of $49.24. The business's 50 day moving average price is $33.88 and its 200-day moving average price is $34.37.

Institutional Trading of Match Group

A number of institutional investors have recently bought and sold shares of MTCH. Wellington Management Group LLP increased its position in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company's stock worth $324,174,000 after purchasing an additional 2,130,646 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Match Group by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,703,972 shares of the technology company's stock valued at $301,798,000 after acquiring an additional 377,745 shares in the last quarter. Boston Partners acquired a new stake in shares of Match Group in the third quarter valued at approximately $276,406,000. Invesco Ltd. increased its stake in shares of Match Group by 4.0% during the 3rd quarter. Invesco Ltd. now owns 4,037,684 shares of the technology company's stock worth $158,176,000 after purchasing an additional 156,465 shares in the last quarter. Finally, FMR LLC raised its position in shares of Match Group by 14.2% during the 3rd quarter. FMR LLC now owns 3,434,071 shares of the technology company's stock worth $134,530,000 after purchasing an additional 427,635 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other 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.