Match Group (NASDAQ:MTCH – Get Free Report) had its target price reduced by Deutsche Bank Aktiengesellschaft from $42.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 24.96% from the company’s previous close.
MTCH has been the subject of several other research reports. Morgan Stanley downgraded shares of Match Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $37.00 in a research report on Thursday, April 18th. UBS Group raised their price objective on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. KeyCorp dropped their target price on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday. The Goldman Sachs Group decreased their price target on shares of Match Group from $47.00 to $37.00 and set a “buy” rating for the company in a report on Thursday. Finally, Citigroup upped their price objective on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.12.
View Our Latest Stock Analysis on Match Group
Match Group Price Performance
Match Group (NASDAQ:MTCH – Get Free Report) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $860.00 million for the quarter, compared to analysts’ expectations of $855.77 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. As a group, equities analysts anticipate that Match Group will post 2.16 EPS for the current fiscal year.
Hedge Funds Weigh In On Match Group
A number of institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its holdings in Match Group by 6.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,678 shares of the technology company’s stock valued at $340,000 after buying an additional 530 shares during the last quarter. Raymond James & Associates grew its stake in shares of Match Group by 25.7% in the third quarter. Raymond James & Associates now owns 314,969 shares of the technology company’s stock worth $12,339,000 after acquiring an additional 64,334 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Match Group by 266.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,376 shares of the technology company’s stock worth $1,503,000 after acquiring an additional 27,916 shares during the period. Mackenzie Financial Corp raised its stake in Match Group by 11.0% during the 3rd quarter. Mackenzie Financial Corp now owns 11,726 shares of the technology company’s stock valued at $447,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Strs Ohio bought a new stake in Match Group in the 3rd quarter valued at $2,546,000. 94.05% of the stock is currently owned by institutional investors.
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.
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