Match Group (NASDAQ:MTCH) Given New $46.00 Price Target at KeyCorp

Match Group (NASDAQ:MTCH) had its price target decreased by equities researchers at KeyCorp from $50.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price points to a potential upside of 45.99% from the company’s previous close.

Several other equities analysts have also commented on the stock. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Piper Sandler restated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. JPMorgan Chase & Co. reduced their price objective on Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, February 1st. UBS Group raised their target price on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Morgan Stanley lowered Match Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.82.

Match Group Trading Down 2.3 %

Shares of NASDAQ MTCH opened at $31.51 on Monday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The stock’s 50 day simple moving average is $33.77 and its 200 day simple moving average is $34.34. Match Group has a 12-month low of $27.85 and a 12-month high of $49.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MTCH. Wellington Management Group LLP raised its position in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock worth $324,174,000 after purchasing an additional 2,130,646 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Match Group by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 7,703,972 shares of the technology company’s stock worth $301,798,000 after buying an additional 377,745 shares during the period. Boston Partners purchased a new position in shares of Match Group in the third quarter worth approximately $276,406,000. Invesco Ltd. raised its holdings in shares of Match Group by 4.0% during the third quarter. Invesco Ltd. now owns 4,037,684 shares of the technology company’s stock valued at $158,176,000 after acquiring an additional 156,465 shares during the period. Finally, FMR LLC lifted its position in shares of Match Group by 14.2% in the 3rd quarter. FMR LLC now owns 3,434,071 shares of the technology company’s stock valued at $134,530,000 after acquiring an additional 427,635 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

About Match Group

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.