Analysts Set Match Group, Inc. (NASDAQ:MTCH) PT at $40.73

Shares of Match Group, Inc. (NASDAQ:MTCH) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.73.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Susquehanna reduced their price target on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada reduced their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Morgan Stanley lowered their price target on Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th.

Match Group Stock Performance

NASDAQ MTCH opened at $32.93 on Wednesday. The stock has a market capitalization of $8.27 billion, a PE ratio of 14.70, a P/E/G ratio of 0.91 and a beta of 1.47. The stock has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $34.02. Match Group has a twelve month low of $27.66 and a twelve month high of $42.42.

Insider Buying and Selling at Match Group

In other news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the sale, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Match Group

A number of hedge funds have recently added to or reduced their stakes in MTCH. Venturi Wealth Management LLC raised its position in shares of Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after acquiring an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Match Group during the 3rd quarter worth about $31,000. Quarry LP lifted its position in Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares during the period. Mather Group LLC. boosted its stake in shares of Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after purchasing an additional 794 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Match Group during the 3rd quarter worth approximately $57,000. Institutional investors own 94.05% of the company’s stock.

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.