Truist Financial Cuts Match Group (NASDAQ:MTCH) Price Target to $35.00

Match Group (NASDAQ:MTCH) had its price target reduced by Truist Financial from $37.00 to $35.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the technology company’s stock.

A number of other research analysts have also weighed in on the stock. Citigroup raised their price target on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $38.00 target price on shares of Match Group in a research report on Wednesday, July 31st. TD Cowen upped their target price on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company decreased their price target on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Finally, StockNews.com raised Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and an average target price of $40.90.

Match Group Trading Up 4.5 %

Shares of NASDAQ:MTCH opened at $31.94 on Friday. The stock has a market cap of $8.24 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The stock’s fifty day simple moving average is $36.70 and its two-hundred day simple moving average is $33.99. Match Group has a 1-year low of $27.66 and a 1-year high of $42.42.

Institutional Investors Weigh In On Match Group

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