Match Group (NASDAQ:MTCH) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a research note released on Monday morning.

A number of other brokerages have also weighed in on MTCH. Morgan Stanley lowered shares of Match Group from an overweight rating to an equal weight rating and decreased their target price for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. Royal Bank of Canada decreased their target price on shares of Match Group from $43.00 to $33.00 and set an outperform rating for the company in a research note on Thursday, May 9th. TD Cowen decreased their target price on shares of Match Group from $46.00 to $44.00 and set a buy rating for the company in a research note on Thursday, May 9th. Susquehanna decreased their target price on shares of Match Group from $46.00 to $45.00 and set a positive rating for the company in a research note on Monday, May 13th. Finally, Raymond James began coverage on shares of Match Group in a research note on Thursday, April 4th. They set a market perform rating for the company. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Match Group has an average rating of Moderate Buy and an average target price of $42.43.

Match Group Stock Up 0.3 %

Shares of NASDAQ MTCH opened at $30.32 on Monday. Match Group has a twelve month low of $27.66 and a twelve month high of $49.24. The firm has a market cap of $8.06 billion, a P/E ratio of 13.18, a PEG ratio of 0.51 and a beta of 1.46. The company has a 50 day moving average of $31.04 and a 200 day moving average of $34.02.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. purchased a new stake in shares of Match Group during the 1st quarter valued at about $28,000. Principal Securities Inc. purchased a new stake in shares of Match Group during the 4th quarter valued at about $31,000. Mather Group LLC. purchased a new stake in shares of Match Group during the 1st quarter valued at about $33,000. Fidelis Capital Partners LLC purchased a new stake in shares of Match Group during the 1st quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Match Group during the 3rd quarter valued at about $40,000. Institutional investors 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.