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 BetsIn 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
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.
- Get a free copy of the StockNews.com research report on Match Group (MTCH)
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