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Match Group (NASDAQ:MTCH) PT Lowered to $100.00

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Match Group (NASDAQ:MTCH – Get Rating) had its price target cut by Cowen from $128.00 to $100.00 in a research note published on Thursday, The Fly reports. They currently have an outperform rating on the technology company's stock.

MTCH has been the subject of several other reports. Piper Sandler dropped their price target on Match Group from $160.00 to $125.00 in a report on Wednesday, May 4th. Wedbush dropped their price target on Match Group from $130.00 to $98.00 in a report on Thursday, May 5th. Evercore ISI dropped their price target on Match Group from $115.00 to $95.00 and set an outperform rating for the company in a report on Thursday, July 7th. Truist Financial cut Match Group from a buy rating to a hold rating and dropped their price target for the stock from $145.00 to $68.00 in a report on Wednesday, August 3rd. Finally, Barclays dropped their price target on Match Group from $81.00 to $65.00 and set an equal weight rating for the company in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Match Group has a consensus rating of Moderate Buy and a consensus price target of $98.86.

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Match Group Stock Up 1.9 %

Match Group stock opened at $67.78 on Thursday. The company's 50-day moving average price is $73.31 and its two-hundred day moving average price is $88.37. The stock has a market cap of $19.36 billion, a P/E ratio of 211.82, a P/E/G ratio of 0.62 and a beta of 1.15. Match Group has a twelve month low of $59.15 and a twelve month high of $182.00.

Insider Activity

In other news, CEO Bernard Jin Kim acquired 16,000 shares of Match Group stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average price 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 of the company's stock, valued at approximately $1,017,280. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Match Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. MUFG Americas Holdings Corp bought a new stake in Match Group during the 4th quarter worth $25,000. Tyler Stone Wealth Management bought a new stake in Match Group during the 4th quarter worth $27,000. Tsfg LLC grew its position in Match Group by 181.1% during the 1st quarter. Tsfg LLC now owns 253 shares of the technology company's stock worth $28,000 after acquiring an additional 163 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in Match Group during the 1st quarter worth about $28,000. Finally, Prospera Financial Services Inc acquired a new position in Match Group during the 1st quarter worth about $29,000. 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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