Match Group (NASDAQ:MTCH – Get Free Report) had its target price reduced by analysts at Truist Financial from $37.00 to $35.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Truist Financial’s price target points to a potential upside of 12.98% from the company’s previous close.
A number of other equities research analysts also recently issued reports on MTCH. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, TD Cowen raised their target price on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.07.
Check Out Our Latest Research Report on MTCH
Match Group Stock Performance
Match Group (NASDAQ:MTCH – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $895.48 million during the quarter, compared to analysts’ expectations 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 forecast that Match Group will post 1.96 earnings per share for the current year.
Institutional Trading of Match Group
Hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its position in Match Group by 617.3% during the 3rd 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 period. Quarry LP increased its holdings in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Mather Group LLC. raised its stake 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 buying an additional 794 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Match Group during the 1st quarter valued at $57,000. Finally, International Assets Investment Management LLC bought a new stake in Match Group during the 2nd quarter valued at $61,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than Match Group
- Utilities Stocks Explained – How and Why to Invest in Utilities
- The Top 5 Performing S&P 500 Stocks YTD in 2024
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- L3Harris: Positioned for Gains With Trump’s Defense Policies
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Is First Solar’s Earnings Drop a Golden Buying Opportunity?
Receive News & Ratings for Match Group Daily - 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.