Match Group (NASDAQ:MTCH) Price Target Lowered to $43.00 at KeyCorp

Match Group (NASDAQ:MTCH) had its price target reduced by KeyCorp from $45.00 to $43.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group lifted their target price on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley dropped their price target on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barclays decreased their price objective on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada dropped their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Bank of America restated a “neutral” rating and issued a $35.00 price objective (down from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $30.71 on Tuesday. The stock’s 50-day simple moving average is $36.26 and its two-hundred day simple moving average is $33.95. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.85 and a beta of 1.51. Match Group has a 52-week low of $27.66 and a 52-week high of $42.42.

Institutional Investors Weigh In On Match Group

Hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Match Group in the 3rd quarter worth approximately $31,000. Quarry LP boosted its stake in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares in the last quarter. Mather Group LLC. increased its holdings in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Match Group in the first quarter worth approximately $57,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.