Match Group (NASDAQ:MTCH – Get Rating) had its price target decreased by Piper Sandler from $125.00 to $80.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. Piper Sandler currently has an overweight rating on the technology company's stock.
A number of other brokerages also recently commented on MTCH. KeyCorp decreased their price target on Match Group from $90.00 to $82.00 and set an overweight rating for the company in a research report on Thursday. Loop Capital started coverage on Match Group in a research report on Monday, April 11th. They issued a buy rating and a $140.00 target price for the company. Cowen decreased their target price on Match Group from $130.00 to $128.00 and set an outperform rating for the company in a research report on Tuesday, July 26th. Evercore ISI decreased their target price on Match Group from $115.00 to $95.00 and set an outperform rating for the company in a research report on Thursday, July 7th. Finally, The Goldman Sachs Group decreased their target price on Match Group from $105.00 to $80.00 and set a buy rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Match Group has an average rating of Moderate Buy and an average target price of $98.86.
Get Match Group alerts:Match Group Trading Up 1.9 %
Shares of MTCH opened at $67.78 on Thursday. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 211.82, a PEG ratio of 0.62 and a beta of 1.15. The stock has a 50 day moving average of $73.31 and a 200 day moving average of $88.37. Match Group has a 12 month low of $59.15 and a 12 month high of $182.00.
Insiders Place Their Bets
In related news, CEO Bernard Jin Kim acquired 16,000 shares of the firm's stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of $63.58 per share, for a total transaction of $1,017,280.00. Following the completion of the acquisition, the chief executive officer now owns 16,000 shares in the company, valued at $1,017,280. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company's stock.Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Match Group during the 4th quarter valued at about $135,000. Van ECK Associates Corp purchased a new position in Match Group during the 4th quarter valued at about $169,000. D.A. Davidson & CO. increased its holdings in Match Group by 5.2% during the 4th quarter. D.A. Davidson & CO. now owns 17,261 shares of the technology company's stock valued at $2,283,000 after purchasing an additional 847 shares during the period. CWM LLC purchased a new position in shares of Match Group during the 4th quarter worth approximately $279,000. Finally, Raymond James Trust N.A. grew its holdings in shares of Match Group by 2.7% during the 4th quarter. Raymond James Trust N.A. now owns 3,586 shares of the technology company's stock worth $475,000 after acquiring an additional 94 shares during the period. Hedge funds and other 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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