Match Group (NASDAQ:MTCH) Price Target Cut to $33.00 by Analysts at Morgan Stanley

Match Group (NASDAQ:MTCH) had its price objective cut by Morgan Stanley from $36.00 to $33.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other equities analysts have also issued research reports about the company. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a research report on Monday, August 5th. Barclays dropped their target price on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Truist Financial lowered their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus raised their target price on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Performance

Match Group stock opened at $30.71 on Tuesday. Match Group has a 1 year low of $27.66 and a 1 year high of $42.42. The firm’s 50 day moving average price is $36.26 and its two-hundred day moving average price is $33.95. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.51.

Institutional Trading of Match Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its holdings in Match Group by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock worth $14,908,000 after purchasing an additional 80,855 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Match Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after buying an additional 416,140 shares during the period. Versor Investments LP grew its stake in Match Group by 301.7% in the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock valued at $1,824,000 after buying an additional 36,200 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Match Group by 146.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after acquiring an additional 83,166 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Match Group by 117.5% during the 1st quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after acquiring an additional 118,142 shares during the last quarter. Institutional investors and hedge funds 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.