Match Group, Inc. (NASDAQ:MTCH) Receives Average Rating of “Moderate Buy” from Analysts

Match Group, Inc. (NASDAQ:MTCH) has received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.07.

Several brokerages recently weighed in on MTCH. Stifel Nicolaus raised their price objective on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group upped their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th.

Match Group Stock Up 1.5 %

Shares of NASDAQ:MTCH opened at $37.32 on Friday. The firm has a fifty day moving average of $35.73 and a two-hundred day moving average of $33.32. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a market capitalization of $9.91 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The firm had revenue of $864.07 million for the quarter, compared to the consensus estimate of $856.51 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Match Group will post 1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Match Group

Several large investors have recently added to or reduced their stakes in MTCH. YHB Investment Advisors Inc. bought a new position in shares of Match Group during the 1st quarter worth about $28,000. Principal Securities Inc. bought a new position in Match Group during the fourth quarter worth about $31,000. Mather Group LLC. bought a new stake in shares of Match Group in the 1st quarter valued at approximately $33,000. Fidelis Capital Partners LLC acquired a new position in shares of Match Group in the 1st quarter worth approximately $33,000. Finally, Quarry LP lifted its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares during the period. 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.