Match Group (NASDAQ:MTCH) Price Target Lowered to $43.00 at KeyCorp

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

A number of other brokerages have also weighed in on MTCH. Truist Financial decreased their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. Susquehanna cut their price objective on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Morgan Stanley reduced their price objective on Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus upped their target price on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Match Group has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Trading Down 3.3 %

MTCH stock opened at $30.88 on Tuesday. The firm has a 50 day moving average of $36.59 and a 200-day moving average of $33.99. The firm has a market capitalization of $7.96 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.51. Match Group has a 12 month low of $27.66 and a 12 month high of $42.42.

Hedge Funds Weigh In On Match Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Match Group by 1.3% during 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. Pacer Advisors Inc. increased its position in shares of Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after buying an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. bought a new position in Match Group in the second quarter worth about $100,848,000. Bank of New York Mellon Corp raised its stake in Match Group by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after buying an additional 12,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Match Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after buying an additional 977,090 shares during the period. 94.05% of the stock is owned by hedge funds and other 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.