Match Group (NASDAQ:MTCH – Get Rating) had its target price decreased by Morgan Stanley from $150.00 to $100.00 in a research report report published on Thursday, Marketbeat reports. Morgan Stanley currently has an overweight rating on the technology company's stock.
Several other equities research analysts have also issued reports on MTCH. JPMorgan Chase & Co. reduced their price objective on shares of Match Group from $125.00 to $105.00 in a research note on Tuesday, July 19th. Wells Fargo & Company raised shares of Match Group from an equal weight rating to an overweight rating and decreased their price target for the company from $140.00 to $115.00 in a research note on Monday, May 9th. StockNews.com raised shares of Match Group from a sell rating to a hold rating in a research note on Saturday, May 14th. Evercore ISI dropped their price objective on shares of Match Group from $115.00 to $95.00 and set an outperform rating on the stock in a report on Thursday, July 7th. Finally, Cowen dropped their price objective on shares of Match Group from $128.00 to $100.00 and set an outperform rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $98.86.
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Match Group Trading Up 1.9 %
MTCH opened at $67.78 on Thursday. Match Group has a twelve month low of $59.15 and a twelve month high of $182.00. The stock has a market cap of $19.36 billion, a PE ratio of 211.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.15. The business's 50 day moving average is $73.31 and its 200-day moving average is $88.37.
Insider Buying and Selling
In related news, CEO Bernard Jin Kim bought 16,000 shares of Match Group stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $63.58 per share, with a total value of $1,017,280.00. Following the acquisition, the chief executive officer now owns 16,000 shares of the company's stock, valued at approximately $1,017,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.
Institutional Trading of Match Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversified Trust Co boosted its holdings in Match Group by 26.8% in the 1st quarter. Diversified Trust Co now owns 2,122 shares of the technology company's stock valued at $231,000 after purchasing an additional 448 shares during the period. Metis Global Partners LLC boosted its holdings in Match Group by 82.0% in the 1st quarter. Metis Global Partners LLC now owns 4,396 shares of the technology company's stock valued at $478,000 after purchasing an additional 1,980 shares during the period. Riverview Trust Co boosted its holdings in Match Group by 24.1% in the 1st quarter. Riverview Trust Co now owns 1,351 shares of the technology company's stock valued at $147,000 after purchasing an additional 262 shares during the period. Gotham Asset Management LLC boosted its holdings in Match Group by 547.5% in the 4th quarter. Gotham Asset Management LLC now owns 34,886 shares of the technology company's stock valued at $4,614,000 after purchasing an additional 29,498 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in Match Group by 8.6% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 13,621 shares of the technology company's stock valued at $1,481,000 after purchasing an additional 1,083 shares during the period. Institutional investors own 96.11% of the company's stock.
About Match Group
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Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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