FY2025 EPS Estimates for Match Group, Inc. (NASDAQ:MTCH) Reduced by KeyCorp

Match Group, Inc. (NASDAQ:MTCH) – Research analysts at KeyCorp decreased their FY2025 earnings estimates for Match Group in a note issued to investors on Wednesday, November 1st. KeyCorp analyst J. Patterson now forecasts that the technology company will post earnings of $2.78 per share for the year, down from their prior estimate of $3.23. KeyCorp has a “Overweight” rating and a $56.00 price objective on the stock. The consensus estimate for Match Group’s current full-year earnings is $1.95 per share.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The business had revenue of $882.00 million during the quarter, compared to analyst estimates of $879.85 million. Match Group had a negative return on equity of 173.16% and a net margin of 15.42%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share.

MTCH has been the topic of a number of other research reports. HSBC initiated coverage on shares of Match Group in a research report on Tuesday, September 26th. They set a “hold” rating and a $47.10 price target on the stock. Truist Financial dropped their price target on shares of Match Group from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday. Morgan Stanley cut their target price on shares of Match Group from $97.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of Match Group from $37.00 to $44.00 in a research report on Thursday, August 3rd. Finally, Piper Sandler boosted their target price on Match Group from $55.00 to $60.00 in a research note on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.50.

Match Group Price Performance

NASDAQ:MTCH opened at $29.44 on Monday. Match Group has a 1-year low of $27.85 and a 1-year high of $54.60. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. The firm’s fifty day moving average price is $39.40 and its 200 day moving average price is $39.98.

Hedge Funds Weigh In On Match Group

Hedge funds have recently added to or reduced their stakes in the company. Amica Mutual Insurance Co. grew its position in shares of Match Group by 12.4% during the 3rd quarter. Amica Mutual Insurance Co. now owns 174,597 shares of the technology company’s stock valued at $6,840,000 after acquiring an additional 19,247 shares during the period. Amica Retiree Medical Trust lifted its holdings in shares of Match Group by 12.0% in the third quarter. Amica Retiree Medical Trust now owns 21,877 shares of the technology company’s stock worth $857,000 after buying an additional 2,344 shares in the last quarter. Fortis Capital Management LLC purchased a new position in shares of Match Group during the third quarter valued at about $616,000. Private Advisor Group LLC increased its stake in Match Group by 690.4% in the 3rd quarter. Private Advisor Group LLC now owns 38,665 shares of the technology company’s stock worth $1,515,000 after acquiring an additional 33,773 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its position in Match Group by 26.4% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 38,294 shares of the technology company’s stock worth $1,500,000 after purchasing an additional 8,000 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Match Group news, Director Ann Mcdaniel sold 8,735 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $45.82, for a total transaction of $400,237.70. Following the transaction, the director now directly owns 12,516 shares of the company’s stock, valued at approximately $573,483.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 10,235 shares of company stock valued at $458,553 over the last three months. Insiders own 0.72% of the company’s stock.

About Match Group

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