Match Group (NASDAQ:MTCH – Get Rating) had its target price lowered by Deutsche Bank Aktiengesellschaft from $100.00 to $85.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.
Other analysts also recently issued reports about the company. Truist Financial downgraded Match Group from a buy rating to a hold rating and dropped their price objective for the stock from $145.00 to $68.00 in a research report on Wednesday, August 3rd. Evercore ISI dropped their target price on shares of Match Group from $115.00 to $95.00 and set an outperform rating for the company in a report on Thursday, July 7th. Cowen reduced their price target on shares of Match Group from $128.00 to $100.00 and set an outperform rating for the company in a research report on Thursday. StockNews.com raised Match Group from a sell rating to a hold rating in a research note on Saturday, May 14th. Finally, Cowen dropped their price objective on Match Group from $130.00 to $128.00 and set an outperform rating for the company in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $98.86.
Get Match Group alerts:Match Group Stock Up 1.9 %
Shares of Match Group stock opened at $67.78 on Thursday. The stock has a market capitalization of $19.36 billion, a P/E ratio of 211.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.15. The company has a 50-day simple moving average of $73.31 and a 200 day simple moving average of $88.37. Match Group has a 12-month low of $59.15 and a 12-month high of $182.00.
Insider Transactions at Match Group
In other Match Group news, CEO Bernard Jin Kim bought 16,000 shares of the business's stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average cost of $63.58 per share, for a total transaction of $1,017,280.00. Following the transaction, the chief executive officer now directly owns 16,000 shares in the company, valued at $1,017,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.Institutional Investors Weigh In On Match Group
Several large investors have recently bought and sold shares of the business. National Bank of Canada FI purchased a new stake in shares of Match Group in the 4th quarter valued at $135,000. Van ECK Associates Corp acquired a new position in Match Group in the 4th quarter worth about $169,000. D.A. Davidson & CO. raised its holdings in shares of Match Group by 5.2% in the 4th quarter. D.A. Davidson & CO. now owns 17,261 shares of the technology company's stock worth $2,283,000 after buying an additional 847 shares in the last quarter. CWM LLC bought a new stake in shares of Match Group in the 4th quarter valued at about $279,000. Finally, Raymond James Trust N.A. boosted its holdings in shares of Match Group by 2.7% in the 4th quarter. Raymond James Trust N.A. now owns 3,586 shares of the technology company's stock valued at $475,000 after buying an additional 94 shares during the last quarter. Institutional investors own 96.11% of the company's stock.
Match Group Company Profile
(Get Rating)
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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