UBS Group Lowers Match Group (NASDAQ:MTCH) Price Target to $38.00

Match Group (NASDAQ:MTCH) had its price objective lowered by UBS Group from $43.00 to $38.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

MTCH has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. TD Cowen raised their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their price target on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.90.

Match Group Trading Up 4.5 %

Shares of NASDAQ MTCH opened at $31.94 on Friday. The stock has a market cap of $8.24 billion, a PE ratio of 14.26, a P/E/G ratio of 0.63 and a beta of 1.51. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The company has a 50-day moving average of $36.70 and a 200 day moving average of $33.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its holdings in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after acquiring an additional 605 shares in the last quarter. Quarry LP increased its holdings in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the last quarter. Mather Group LLC. raised its stake in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Match Group during the 1st quarter worth about $57,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Match Group during the 2nd quarter worth approximately $61,000. 94.05% of the stock is currently 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.