Match Group (NASDAQ:MTCH) Price Target Lowered to $33.00 at Morgan Stanley

Match Group (NASDAQ:MTCH) had its price target lowered by stock analysts at Morgan Stanley from $36.00 to $33.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s target price points to a potential upside of 7.35% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. Wolfe Research began coverage on Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective on the stock. Stifel Nicolaus raised their target price on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Company lowered their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Performance

Match Group stock opened at $30.74 on Tuesday. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.86 and a beta of 1.51. Match Group has a 52-week low of $27.66 and a 52-week high of $42.42. The firm has a 50 day moving average price of $36.47 and a two-hundred day moving average price of $33.99.

Hedge Funds Weigh In On Match Group

Large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in Match Group during the 2nd quarter worth approximately $100,848,000. Pacer Advisors Inc. boosted its position in shares of Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after buying an additional 2,940,667 shares during the last quarter. Marshall Wace LLP bought a new stake in Match Group during the second quarter worth $49,053,000. Capitolis Liquid Global Markets LLC raised its position in Match Group by 668.9% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock valued at $47,309,000 after buying an additional 1,134,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after acquiring an additional 977,090 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Company Profile

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.