Match Group’s (MTCH) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Match Group (NASDAQ:MTCH) in a report published on Wednesday morning, Benzinga reports. They currently have a $38.00 price target on the technology company’s stock.

A number of other research firms have also weighed in on MTCH. The Goldman Sachs Group decreased their target price on shares of Match Group from $47.00 to $37.00 and set a buy rating on the stock in a report on Thursday, May 9th. Citigroup decreased their price target on shares of Match Group from $34.00 to $33.00 and set a neutral rating on the stock in a report on Monday, July 15th. 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. 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $42.28.

Match Group Stock Down 2.4 %

NASDAQ MTCH opened at $36.67 on Wednesday. The company’s 50 day moving average is $31.84 and its 200-day moving average is $33.42. Match Group has a 12-month low of $27.66 and a 12-month high of $47.81. The firm has a market cap of $9.74 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $864.07 million for the quarter, compared to analyst estimates of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. Match Group’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities analysts expect that Match Group will post 2.05 EPS for the current year.

Institutional Investors Weigh In On Match Group

Institutional investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. purchased a new stake in Match Group during the 1st quarter valued at $28,000. Principal Securities Inc. purchased a new stake in Match Group during the 4th quarter valued at $31,000. Mather Group LLC. purchased a new stake in Match Group during the 1st quarter valued at $33,000. Fidelis Capital Partners LLC purchased a new stake in Match Group during the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC purchased a new stake in Match Group during the 4th quarter valued at $55,000. 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.