Match Group (NASDAQ:MTCH) PT Raised to $52.00 at Barclays

Match Group (NASDAQ:MTCHGet Rating) had its price target hoisted by analysts at Barclays from $50.00 to $52.00 in a report released on Wednesday, The Fly reports. Barclays‘s price objective would indicate a potential upside of 2.26% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. New Street Research initiated coverage on Match Group in a research note on Wednesday, January 4th. They set a “buy” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Match Group from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Morgan Stanley reduced their price objective on Match Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 11th. UBS Group initiated coverage on Match Group in a research note on Thursday, December 8th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, Evercore ISI reduced their price objective on Match Group to $65.00 in a research note on Thursday, October 13th. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.24.

Match Group Stock Performance

Shares of MTCH opened at $50.85 on Wednesday. The stock has a 50-day moving average of $44.89 and a two-hundred day moving average of $52.25. Match Group has a one year low of $38.64 and a one year high of $121.49. The stock has a market cap of $14.20 billion, a P/E ratio of 154.10, a P/E/G ratio of 0.82 and a beta of 1.24.

Match Group (NASDAQ:MTCHGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). The firm had revenue of $809.55 million for the quarter, compared to analyst estimates of $793.03 million. Match Group had a negative return on equity of 94.07% and a net margin of 3.39%. Analysts predict that Match Group will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mine & Arao Wealth Creation & Management LLC. acquired a new position in Match Group in the third quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its position in Match Group by 88.2% in the third quarter. Parkside Financial Bank & Trust now owns 557 shares of the technology company’s stock valued at $26,000 after purchasing an additional 261 shares during the period. CI Investments Inc. raised its position in Match Group by 187.1% in the third quarter. CI Investments Inc. now owns 577 shares of the technology company’s stock valued at $28,000 after purchasing an additional 376 shares during the period. Zions Bancorporation N.A. raised its position in Match Group by 122.3% in the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock valued at $29,000 after purchasing an additional 225 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new stake in Match Group in the second quarter valued at approximately $30,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.

About Match Group

(Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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