Match Group (NASDAQ:MTCH) Price Target Lowered to $31.00 at JPMorgan Chase & Co.

Match Group (NASDAQ:MTCHGet Free Report) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $33.00 to $31.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.78% from the stock’s current price.

A number of other equities research analysts also recently weighed in on MTCH. Wells Fargo & Company decreased their price target on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. UBS Group set a $37.00 price objective on Match Group in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research note on Thursday, January 22nd. Raymond James Financial reissued a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Match Group in a research report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus target price of $35.77.

Check Out Our Latest Report on MTCH

Match Group Trading Up 4.4%

Match Group stock traded up $1.26 on Wednesday, reaching $30.16. 4,620,871 shares of the stock were exchanged, compared to its average volume of 4,044,467. Match Group has a twelve month low of $26.39 and a twelve month high of $39.20. The firm has a fifty day moving average price of $32.40 and a two-hundred day moving average price of $33.99. The stock has a market cap of $7.12 billion, a PE ratio of 13.99, a PEG ratio of 0.59 and a beta of 1.32.

Match Group (NASDAQ:MTCHGet Free Report) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). Match Group had a net margin of 16.20% and a negative return on equity of 339.08%. The business had revenue of $878.01 million during the quarter, compared to analyst estimates of $872.86 million. During the same period last year, the business earned $0.59 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Match Group will post 2.44 EPS for the current fiscal year.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of $31.84 per share, with a total value of $445,760.00. Following the completion of the purchase, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at $5,257,675.52. The trade was a 9.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Match Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Match Group during the 3rd quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of Match Group during the third quarter worth about $27,000. Advisory Services Network LLC bought a new stake in Match Group during the third quarter valued at approximately $28,000. Activest Wealth Management raised its position in shares of Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after buying an additional 848 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new position in Match Group in the second quarter worth $28,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Key Headlines Impacting Match Group

Here are the key news stories impacting Match Group this week:

About Match Group

(Get Free Report)

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

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