Match Group (NASDAQ:MTCH) Stock Rating Upgraded by StockNews.com

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

Several other research firms have also commented on MTCH. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research note on Monday, August 5th. Royal Bank of Canada increased their target price on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Cowen boosted their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus target price of $40.90.

Match Group Price Performance

Match Group stock opened at $30.56 on Thursday. Match Group has a 12 month low of $27.66 and a 12 month high of $42.42. The stock has a market capitalization of $7.88 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51. The business has a 50 day simple moving average of $36.70 and a 200-day simple moving average of $33.96.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Match Group had a net margin of 17.86% and a negative return on equity of 727.22%. The company had revenue of $895.48 million during the quarter, compared to analysts’ expectations of $900.33 million. On average, equities research analysts anticipate that Match Group will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Match Group

Institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in Match Group during the 2nd quarter valued at about $100,848,000. Pacer Advisors Inc. grew its holdings in shares of Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after purchasing an additional 2,940,667 shares in the last quarter. Marshall Wace LLP purchased a new stake in Match Group during the 2nd quarter worth approximately $49,053,000. Capitolis Liquid Global Markets LLC lifted its holdings in Match Group by 668.9% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock worth $47,309,000 after buying an additional 1,134,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Match Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after buying an additional 977,090 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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.