Match Group, Inc. (NASDAQ:MTCH) receives consensus rating of “Moderate Buy” from the brokerage

Match Group, Inc. (NASDAQ:MTCH – Get Your Free Report ) has been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.07.

Several equities research analysts have recently commented on MTCH shares. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup boosted their price target on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research began coverage on Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, Morgan Stanley cut their price target on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th.

View the latest stock report on Match Group

Hedge funds influence the match pool

A number of large investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in shares of Match Group in the first quarter worth about $28,000. Principal Securities Inc. purchased a new position in Match Group during the fourth quarter valued at $31,000. Mather Group LLC. bought a new position in Match Group in the first quarter valued at $33,000. Fidelis Capital Partners LLC purchased a new stake in Match Group in the 1st quarter valued at $33,000. Finally, Quarry LP raised 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 worth $40,000 after buying an additional 461 shares. shares in the last quarter. Institutional investors own 94.05% of the company’s shares.

Match the performance of the group’s actions

Shares of MTCH stock opened at $37.32 on Monday. The company’s fifty day moving average price is $33.21 and its two hundred day moving average price is $33.25. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.72 and a beta of 1.48. Match Group has a 52-week low of $27.66 and a 52-week high of $47.81.

Match Group (NASDAQ:MTCH – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. In the same quarter last year, the company earned $0.48 per share. As a group, research analysts forecast that Match Group will post 1.98 EPS for the current year.

Match the company profile to the group

(Get a free report

Match Group, Inc is engaged in providing dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK and Hakuna, as well as various other brands, each built to increase the likelihood of users connecting with others. Its services are available in over 40 languages ​​to users worldwide.

Read more

Get daily Match Group news and ratings – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Match Group and related companies with MarketBeat.com’s FREE daily email newsletter.