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

Match Group (NASDAQ:MTCH) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Match Group from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Citigroup lifted their target price on Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen cut their price target on Match Group from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. KeyCorp decreased their price target on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, UBS Group lowered their price objective on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.43.

Match Group Stock Performance

MTCH opened at $29.48 on Wednesday. The firm has a market cap of $7.83 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. Match Group has a twelve month low of $27.66 and a twelve month high of $49.24. The firm’s fifty day moving average is $32.84 and its two-hundred day moving average is $34.10.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Equities analysts forecast that Match Group will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Match Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares in the last quarter. 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 valued at $324,174,000 after acquiring an additional 2,130,646 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 377,745 shares during the last quarter. Boston Partners purchased a new position in shares of Match Group in the 3rd quarter worth about $276,406,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in Match Group by 30.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock valued at $148,034,000 after acquiring an additional 943,894 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.