Cowen Lowers Match Group (NASDAQ:MTCH) Price Target to $100.00

Match Group (NASDAQ:MTCHGet Rating) had its price objective decreased by investment analysts at Cowen from $128.00 to $100.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Cowen’s price target suggests a potential upside of 47.54% from the stock’s current price.

MTCH has been the subject of several other research reports. StockNews.com upgraded Match Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 14th. KeyCorp decreased their target price on Match Group from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday. Cowen decreased their target price on Match Group from $128.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company upgraded Match Group from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $140.00 to $115.00 in a research note on Monday, May 9th. Finally, Wedbush decreased their target price on Match Group from $130.00 to $98.00 in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.86.

Match Group Price Performance

Shares of MTCH stock opened at $67.78 on Thursday. The firm has a market cap of $19.36 billion, a P/E ratio of 211.82, a PEG ratio of 0.58 and a beta of 1.15. The stock’s 50-day moving average is $73.31 and its two-hundred day moving average is $88.77. Match Group has a fifty-two week low of $59.15 and a fifty-two week high of $182.00.

Match Group (NASDAQ:MTCHGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $798.63 million during the quarter, compared to the consensus estimate of $795.03 million. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. As a group, research analysts expect that Match Group will post 2.63 EPS for the current year.

Insider Transactions at Match Group

In related news, CEO Bernard Jin Kim bought 16,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $63.58 per share, with a total value of $1,017,280.00. Following the acquisition, the chief executive officer now owns 16,000 shares in the company, valued at approximately $1,017,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Match Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Diversified Trust Co increased its holdings in Match Group by 26.8% during the 1st quarter. Diversified Trust Co now owns 2,122 shares of the technology company’s stock valued at $231,000 after purchasing an additional 448 shares in the last quarter. Metis Global Partners LLC increased its holdings in Match Group by 82.0% during the 1st quarter. Metis Global Partners LLC now owns 4,396 shares of the technology company’s stock valued at $478,000 after purchasing an additional 1,980 shares in the last quarter. Riverview Trust Co increased its holdings in Match Group by 24.1% during the 1st quarter. Riverview Trust Co now owns 1,351 shares of the technology company’s stock valued at $147,000 after purchasing an additional 262 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Match Group by 547.5% during the 4th quarter. Gotham Asset Management LLC now owns 34,886 shares of the technology company’s stock valued at $4,614,000 after purchasing an additional 29,498 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in Match Group by 8.6% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 13,621 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 1,083 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Match Group Company Profile

(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.

Featured Stories

Stock Target Advisor logo

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.