UBS Group Issues Pessimistic Forecast for Match Group (NASDAQ:MTCH) Stock Price

Match Group (NASDAQ:MTCH) had its target price reduced by UBS Group from $43.00 to $38.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Susquehanna dropped their price target on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday. HSBC raised 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. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial dropped their price target on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday. Finally, TD Cowen lifted their price target on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Eight research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.90.

Match Group Stock Down 1.8 %

Shares of NASDAQ:MTCH traded down $0.55 during trading on Friday, hitting $30.56. 10,143,629 shares of the stock traded hands, compared to its average volume of 5,286,069. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.79 and a beta of 1.51. The company has a fifty day moving average price of $36.70 and a two-hundred day moving average price of $33.96. Match Group has a 52-week low of $27.66 and a 52-week high of $42.42.

Match Group (NASDAQ:MTCH) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $895.48 million during the quarter, compared to analyst estimates of $900.33 million. Match Group had a net margin of 17.86% and a negative return on equity of 727.22%. On average, equities research analysts predict that Match Group will post 1.96 EPS for the current fiscal year.

Institutional Trading of Match Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its holdings in Match Group by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after buying an additional 80,855 shares during the period. Vanguard Group Inc. raised its holdings in Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after buying an additional 416,140 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Match Group by 146.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after purchasing an additional 83,166 shares during the period. Russell Investments Group Ltd. increased its stake in Match Group by 117.5% during the first quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after purchasing an additional 118,142 shares during the period. Finally, Cetera Investment Advisers increased its stake in Match Group by 98.0% during the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock worth $2,885,000 after purchasing an additional 39,357 shares during the period. 94.05% of the stock is currently 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.