Match Group, Inc. (NASDAQ:MTCH - Get Free Report) shares traded down 3.4% during mid-day trading on Thursday . The stock traded as low as $34.52 and last traded at $34.54. 1,018,692 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 6,019,456 shares. The stock had previously closed at $35.77.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Match Group in a research note on Thursday, December 7th. They issued an "equal weight" rating and a $32.00 price objective for the company. KeyCorp boosted their target price on Match Group from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, February 1st. Raymond James assumed coverage on Match Group in a research note on Thursday. They set a "market perform" rating for the company. JPMorgan Chase & Co. decreased their target price on Match Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, February 1st. Finally, Piper Sandler restated an "overweight" rating and set a $45.00 target price on shares of Match Group in a research note on Wednesday, March 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.58.
Get Our Latest Report on Match Group
Match Group Stock Down 5.7 %
The stock has a fifty day moving average of $35.92 and a two-hundred day moving average of $35.42. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 0.56 and a beta of 1.41.
Match Group (NASDAQ:MTCH - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates 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 negative return on equity of 313.95% and a net margin of 19.36%. Match Group's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, research analysts expect that Match Group, Inc. will post 2.17 EPS for the current year.
Institutional Trading of Match Group
A number of institutional investors have recently bought and sold shares of MTCH. BlackRock Inc. lifted its position in shares of Match Group by 5.6% in the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company's stock valued at $1,372,412,000 after acquiring an additional 1,889,531 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Match Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company's stock valued at $3,170,951,000 after acquiring an additional 500,418 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Match Group by 107,412.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company's stock valued at $984,604,000 after acquiring an additional 23,709,043 shares in the last quarter. State Street Corp lifted its position in shares of Match Group by 8.1% in the second quarter. State Street Corp now owns 13,215,374 shares of the technology company's stock valued at $553,063,000 after acquiring an additional 992,393 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Match Group by 113.2% in the second quarter. Nuveen Asset Management LLC now owns 8,693,247 shares of the technology company's stock valued at $363,812,000 after acquiring an additional 4,616,093 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
About Match Group
(
Get Free Report)
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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