Match Group (NASDAQ:MTCH) Price Target Cut to $43.00 by Analysts at KeyCorp

Match Group (NASDAQ:MTCH) had its target price decreased by KeyCorp from $45.00 to $43.00 in a report published on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other research firms have also issued reports on MTCH. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada decreased their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. UBS Group lowered their target price on Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research report on Wednesday, July 31st. Finally, Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Down 1.4 %

Shares of Match Group stock traded down $0.44 during mid-day trading on Tuesday, reaching $30.82. 855,683 shares of the stock traded hands, compared to its average volume of 5,267,549. The business has a 50-day moving average of $36.26 and a 200 day moving average of $33.95. The stock has a market capitalization of $7.95 billion, a PE ratio of 14.01, a PEG ratio of 0.85 and a beta of 1.51. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTCH. Venturi Wealth Management LLC increased its stake in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after buying an additional 605 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Match Group in the third quarter valued at $31,000. Quarry LP boosted its holdings in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares during the period. Mather Group LLC. grew its stake in Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after purchasing an additional 794 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Match Group during the 1st quarter worth about $57,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.