Match Group’s (MTCH) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Match Group (NASDAQ:MTCH) in a report published on Wednesday, Benzinga reports. They currently have a $38.00 target price on the technology company’s stock.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada reduced their price objective on Match Group from $43.00 to $33.00 and set an outperform rating on the stock in a research note on Thursday, May 9th. Raymond James began coverage on Match Group in a research note on Thursday, April 4th. They issued a market perform rating on the stock. UBS Group cut their price objective on Match Group from $40.00 to $36.00 and set a neutral rating on the stock in a research note on Thursday, May 9th. Wolfe Research started coverage on Match Group in a report on Tuesday, July 16th. They set an outperform rating and a $36.00 target price for the company. Finally, TD Cowen lowered their target price on Match Group from $46.00 to $44.00 and set a buy rating for the company in a report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $42.28.

Match Group Trading Down 2.4 %

MTCH stock opened at $36.67 on Wednesday. The stock has a 50-day moving average price of $31.84 and a two-hundred day moving average price of $33.42. Match Group has a 12-month low of $27.66 and a 12-month high of $47.81. The company has a market cap of $9.74 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The firm had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Match Group will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Match Group

A number of hedge funds have recently modified their holdings of the stock. Empirical Finance LLC increased its position in Match Group by 4.9% during the first quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock worth $254,000 after buying an additional 326 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in shares of Match Group by 1.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock valued at $700,000 after buying an additional 361 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Match Group by 23.5% in the fourth quarter. Global Retirement Partners LLC now owns 2,152 shares of the technology company’s stock valued at $79,000 after buying an additional 410 shares during the period. Arizona State Retirement System lifted its stake in shares of Match Group by 0.6% in the fourth quarter. Arizona State Retirement System now owns 76,429 shares of the technology company’s stock valued at $2,790,000 after buying an additional 459 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Match Group by 6.5% during the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock worth $283,000 after purchasing an additional 478 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

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.