Brokerages Set Match Group, Inc. (NASDAQ:MTCH) Target Price at $40.90

Shares of Match Group, Inc. (NASDAQ:MTCH) have been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $40.90.

Several equities research analysts have issued reports on the company. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company lowered their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th.

Institutional Trading of Match Group

Large investors have recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. lifted its stake in Match Group by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock valued at $403,000 after purchasing an additional 297 shares during the last quarter. Fulton Bank N.A. raised its stake in Match Group by 3.1% in the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock valued at $379,000 after buying an additional 299 shares during the period. Empirical Finance LLC lifted its position in shares of Match Group by 4.9% in the first quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after buying an additional 326 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Match Group by 8.9% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after acquiring an additional 357 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Match Group by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock worth $1,133,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 4.5 %

Shares of MTCH stock opened at $31.94 on Friday. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. Match Group has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a fifty day moving average of $36.70 and a 200-day moving average of $33.99.

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.