Match Group (NASDAQ:MTCH) Price Target Lowered to $85.00 at Deutsche Bank Aktiengesellschaft

Match Group (NASDAQ:MTCHGet Rating) had its target price decreased by analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $85.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 25.41% from the company’s previous close.

A number of other equities research analysts have also weighed in on MTCH. JPMorgan Chase & Co. dropped their price target on Match Group from $125.00 to $105.00 in a research note on Tuesday, July 19th. Wedbush cut their price target on shares of Match Group from $130.00 to $98.00 in a research note on Thursday, May 5th. The Goldman Sachs Group dropped their price objective on shares of Match Group from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp reduced their target price on Match Group from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada decreased their target price on Match Group from $150.00 to $115.00 in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.86.

Match Group Stock Up 1.9 %

Shares of Match Group stock opened at $67.78 on Thursday. Match Group has a 52-week low of $59.15 and a 52-week high of $182.00. The firm’s 50 day moving average price is $73.31 and its 200-day moving average price is $88.77. The company has a market cap of $19.36 billion, a P/E ratio of 211.82, a PEG ratio of 0.61 and a beta of 1.15.

Match Group (NASDAQ:MTCHGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The firm had revenue of $798.63 million during the quarter, compared to analysts’ expectations of $795.03 million. During the same quarter last year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that Match Group will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Bernard Jin Kim purchased 16,000 shares of Match Group stock in a transaction dated 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 acquisition, the chief executive officer now directly 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 through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Match Group

Institutional investors have recently made changes to their positions in the company. Diversified Trust Co raised 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 buying an additional 448 shares during the period. Metis Global Partners LLC increased 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 last quarter. Riverview Trust Co raised its position in Match Group by 24.1% in the first 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 lifted its stake in Match Group by 547.5% during the fourth quarter. Gotham Asset Management LLC now owns 34,886 shares of the technology company’s stock worth $4,614,000 after purchasing an additional 29,498 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Match Group by 8.6% during the first quarter. Mount Yale Investment Advisors LLC now owns 13,621 shares of the technology company’s stock worth $1,481,000 after buying an additional 1,083 shares during the period. Hedge funds and other 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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