Match Group (NASDAQ:MTCH – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
MTCH has been the topic of a number of other research reports. Wells Fargo & Company decreased their price target on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. KeyCorp decreased their price target on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Citigroup increased their price target on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen decreased their price target on shares of Match Group from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Match Group from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average target price of $42.43.
View Our Latest Analysis on Match Group
Match Group Stock Performance
Match Group (NASDAQ:MTCH – Get Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Match Group had a net margin of 19.03% and a negative return on equity of 433.59%. The business had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts anticipate that Match Group will post 2.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Match Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB purchased a new stake in shares of Match Group in the 1st quarter worth about $17,940,000. Strategic Wealth Partners Ltd. lifted its position in shares of Match Group by 51.1% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 39,509 shares of the technology company’s stock worth $1,433,000 after purchasing an additional 13,360 shares during the period. Plato Investment Management Ltd lifted its position in Match Group by 342.5% during the 1st quarter. Plato Investment Management Ltd now owns 2,810 shares of the technology company’s stock valued at $102,000 after acquiring an additional 2,175 shares during the period. Tidal Investments LLC lifted its position in Match Group by 22.1% during the 1st quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock valued at $999,000 after acquiring an additional 4,994 shares during the period. Finally, Joho Capital LLC purchased a new position in Match Group during the 1st quarter valued at about $6,748,000. 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.
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