Match Group, Inc. (NASDAQ:MTCH) Given Average Recommendation of “Moderate Buy” by Brokerages

Match Group, Inc. (NASDAQ:MTCH) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.07.

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. TD Cowen lifted their price target on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Truist Financial raised their price objective on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, August 1st.

Match Group Stock Up 0.5 %

Shares of MTCH stock opened at $37.17 on Friday. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a fifty day moving average of $35.76 and a 200-day moving average of $33.35. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.76 and a beta of 1.50.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $864.07 million during 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 revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities analysts expect that Match Group will post 1.98 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC bought a new stake in shares of Match Group in the fourth quarter valued at about $149,000. Principal Securities Inc. bought a new stake in Match Group in the 4th quarter valued at about $31,000. Dimensional Fund Advisors LP grew its position in shares of Match Group by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock worth $44,799,000 after purchasing an additional 85,775 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Match Group by 43.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 77,699 shares of the technology company’s stock worth $2,836,000 after purchasing an additional 23,537 shares during the period. Finally, Norges Bank acquired a new stake in shares of Match Group in the fourth quarter valued at approximately $112,903,000. 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.