Match Group (NASDAQ:MTCH - Get Free Report) had its price objective reduced by analysts at Susquehanna from $45.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "positive" rating on the technology company's stock. Susquehanna's target price indicates a potential upside of 30.42% from the stock's current price.
A number of other brokerages also recently issued reports on MTCH. Citigroup boosted their price target on Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on shares of Match Group from $33.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Hsbc Global Res raised shares of Match Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. StockNews.com raised Match Group from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Bank of America reiterated a "neutral" rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a research note on Thursday. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.78.
Read Our Latest Analysis on MTCH
Match Group stock traded down $0.44 during trading hours on Friday, reaching $30.67. The company had a trading volume of 826,340 shares, compared to its average volume of 5,243,135. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 0.79 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 price of $36.95 and a 200 day moving average price of $33.99.
Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The company had revenue of $895.48 million during the quarter, compared to analyst estimates of $900.33 million. Match Group had a net margin of 17.86% and a negative return on equity of 727.22%. As a group, research analysts expect that Match Group will post 1.96 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock valued at $27,000 after acquiring an additional 605 shares during the period. Quarry LP grew its stake 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 purchasing an additional 461 shares during the last quarter. Mather Group LLC. raised its holdings in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company's stock worth $52,000 after purchasing an additional 794 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Match Group during the first quarter valued at about $57,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Match Group in the 2nd quarter valued at about $61,000. Institutional investors own 94.05% of the company's stock.
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.
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