StockNews.com Downgrades Match Group (NASDAQ:MTCH) to Hold

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

Several other equities research analysts have also issued reports on MTCH. Truist Financial dropped their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Barclays decreased their price target on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company cut their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Finally, Susquehanna lowered their target price on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Down 0.7 %

MTCH stock opened at $30.51 on Friday. The stock has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $33.98. Match Group has a twelve month low of $27.66 and a twelve month high of $42.42. The firm has a market capitalization of $7.87 billion, a PE ratio of 13.62, a PEG ratio of 0.85 and a beta of 1.51.

Institutional Investors Weigh In On Match Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTCH. Russell Investments Group Ltd. lifted its holdings in Match Group by 117.5% in the 1st quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after purchasing an additional 118,142 shares in the last quarter. ProShare Advisors LLC increased its stake in Match Group by 49.4% in the 1st quarter. ProShare Advisors LLC now owns 73,417 shares of the technology company’s stock worth $2,664,000 after acquiring an additional 24,260 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Match Group by 301.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,132 shares of the technology company’s stock worth $1,891,000 after acquiring an additional 39,150 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Match Group by 13.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 335,479 shares of the technology company’s stock valued at $12,879,000 after acquiring an additional 40,146 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Match Group by 10.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 279,551 shares of the technology company’s stock valued at $10,142,000 after purchasing an additional 27,448 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.