Match Group (NASDAQ:MTCH) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a report published on Thursday morning.

Other equities research analysts also recently issued research reports about the stock. KeyCorp boosted their price objective on shares of Match Group from $48.00 to $50.00 and gave the company an overweight rating in a research report on Thursday, February 1st. Piper Sandler reaffirmed an overweight rating and issued a $45.00 price objective on shares of Match Group in a research note on Wednesday, March 27th. Morgan Stanley lowered Match Group from an overweight rating to an equal weight rating and decreased their price objective for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of Match Group from $60.00 to $55.00 and set an overweight rating on the stock in a research report on Thursday, February 1st. Finally, Citigroup upped their price target on shares of Match Group from $32.00 to $39.00 and gave the stock a neutral rating in a research note on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $43.07.

Match Group Trading Up 2.0 %

Match Group stock traded up $0.64 during midday trading on Thursday, hitting $31.93. The stock had a trading volume of 5,812,898 shares, compared to its average volume of 3,898,322. The business has a fifty day moving average price of $34.07 and a 200 day moving average price of $34.45. Match Group has a 12 month low of $27.85 and a 12 month high of $49.24. The stock has a market cap of $8.56 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.50 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.32. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Match Group will post 2.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new position in shares of Match Group in the first quarter valued at approximately $28,000. Principal Securities Inc. bought a new position in Match Group in the 4th quarter worth $31,000. Mather Group LLC. acquired a new position in Match Group during the 1st quarter worth $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group during the first quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Match Group in the third quarter valued at about $40,000. 94.05% of the stock is owned by institutional investors.

Match Group Company Profile

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.