Match Group (NASDAQ:MTCH) Price Target Cut to $43.00 by Analysts at KeyCorp

Match Group (NASDAQ:MTCH) had its target price lowered by equities research analysts at KeyCorp from $45.00 to $43.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price would suggest a potential upside of 34.63% from the company’s current price.

Several other equities analysts also recently issued reports on MTCH. Wells Fargo & Company reduced their price target on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Susquehanna reduced their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Stifel Nicolaus boosted their price objective on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised Match Group from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.73.

Match Group Trading Up 4.5 %

Shares of NASDAQ MTCH opened at $31.94 on Tuesday. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The stock’s 50 day simple moving average is $36.59 and its 200 day simple moving average is $33.99.

Institutional Investors Weigh In On Match Group

Several large investors have recently modified their holdings of MTCH. Venturi Wealth Management LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 605 shares during the last quarter. Quarry LP raised its holdings 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 during the period. Mather Group LLC. lifted its stake in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Match Group in the first quarter worth about $57,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Match Group in the second quarter worth approximately $61,000. 94.05% of the stock is owned by institutional investors.

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.