Match Group (NASDAQ:MTCH) Price Target Lowered to $53.00 at Barclays

Match Group (NASDAQ:MTCH) had its target price lowered by Barclays from $55.00 to $53.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 73.43% from the company’s previous close.

MTCH has been the topic of a number of other reports. Wells Fargo & Company reduced their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. HSBC raised 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. The Goldman Sachs Group increased their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target for the company. Finally, Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.90.

Match Group Trading Down 1.8 %

Shares of NASDAQ MTCH opened at $30.56 on Friday. The company’s 50-day moving average price is $36.70 and its 200 day moving average price is $33.96. Match Group has a 52 week low of $27.66 and a 52 week high of $42.42. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.79 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $895.48 million during the quarter, compared to the consensus estimate of $900.33 million. Match Group had a negative return on equity of 727.22% and a net margin of 17.86%. As a group, research analysts expect that Match Group will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC raised its holdings in Match Group by 617.3% in the third 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 in the last quarter. Quarry LP lifted its position in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the last quarter. Mather Group LLC. increased 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 valued at $52,000 after buying an additional 794 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Match Group during the first quarter valued at approximately $57,000. Finally, International Assets Investment Management LLC bought a new position in Match Group during the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.