Match Group (NASDAQ:MTCH) Upgraded at StockNews.com

Match Group (NASDAQ:MTCH – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities research analysts have also commented on MTCH. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, March 8th. Wedbush reduced their price target on shares of Match Group from $130.00 to $98.00 in a research report on Thursday, May 5th. Truist Financial reduced their price target on shares of Match Group from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Loop Capital initiated coverage on shares of Match Group in a research report on Monday, April 11th. They set a “buy” rating and a $140.00 price target for the company. Finally, Morgan Stanley reduced their target price on shares of Match Group from $177.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 3rd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $131.89.

Shares of NASDAQ:MTCH opened at $77.51 on Friday. Match Group has a fifty-two week low of $67.87 and a fifty-two week high of $182.00. The business has a 50-day simple moving average of $91.67 and a two-hundred day simple moving average of $114.75. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 87.09, a price-to-earnings-growth ratio of 0.65 and a beta of 1.18.

Match Group (NASDAQ:MTCH – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Match Group had a net margin of 9.12% and a negative return on equity of 220.83%. The firm had revenue of $798.63 million during the quarter, compared to analyst estimates of $795.03 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Match Group will post 2.65 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Match Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock worth $3,170,951,000 after purchasing an additional 500,418 shares during the period. BlackRock Inc. boosted its stake in Match Group by 16.8% in the 1st quarter. BlackRock Inc. now owns 27,564,956 shares of the technology company’s stock worth $2,997,413,000 after purchasing an additional 3,955,469 shares during the period. Edgewood Management LLC boosted its position in shares of Match Group by 1.3% during the 1st quarter. Edgewood Management LLC now owns 16,721,962 shares of the technology company’s stock valued at $1,818,346,000 after acquiring an additional 216,992 shares during the last quarter. State Street Corp boosted its position in shares of Match Group by 4.3% during the 4th quarter. State Street Corp now owns 12,434,435 shares of the technology company’s stock valued at $1,644,454,000 after acquiring an additional 513,954 shares during the last quarter. Finally, Lone Pine Capital LLC boosted its position in shares of Match Group by 14.1% during the 4th quarter. Lone Pine Capital LLC now owns 8,872,280 shares of the technology company’s stock valued at $1,173,359,000 after acquiring an additional 1,098,413 shares during the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.

About Match Group (Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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