BMO Capital Markets Raises Match Group (MTCH) Price Target to $75.00
Match Group (NASDAQ:MTCH) had its price target upped by BMO Capital Markets to $75.00 in a research report report published on Monday morning, The Fly reports. They currently have an outperform rating on the technology company’s stock.
A number of other brokerages have also recently issued reports on MTCH. Goldman Sachs Group upgraded Match Group from a sell rating to a neutral rating and boosted their price objective for the company from $48.00 to $66.00 in a research note on Thursday, May 9th. Zacks Investment Research upgraded Match Group from a sell rating to a hold rating in a research note on Wednesday, April 10th. BidaskClub upgraded Match Group from a buy rating to a strong-buy rating in a research note on Wednesday, April 24th. ValuEngine upgraded Match Group from a buy rating to a strong-buy rating in a research note on Wednesday, May 8th. Finally, Nomura restated a neutral rating and issued a $48.00 price objective (down from $55.00) on shares of Match Group in a research note on Friday, February 8th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and four have issued a strong buy rating to the company. Match Group currently has a consensus rating of Buy and an average price target of $63.26.
NASDAQ MTCH opened at $67.92 on Monday. The firm has a market cap of $18.94 billion, a PE ratio of 51.07, a price-to-earnings-growth ratio of 3.24 and a beta of 0.58. Match Group has a one year low of $33.30 and a one year high of $71.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 11.10.
Several institutional investors and hedge funds have recently made changes to their positions in MTCH. Assetmark Inc. grew its holdings in shares of Match Group by 59.1% during the first quarter. Assetmark Inc. now owns 603 shares of the technology company’s stock worth $34,000 after purchasing an additional 224 shares in the last quarter. PRW Wealth Management LLC purchased a new position in shares of Match Group during the fourth quarter worth about $43,000. Bell Rock Capital LLC purchased a new position in shares of Match Group during the fourth quarter worth about $54,000. Cornerstone Advisors Inc. grew its holdings in shares of Match Group by 863.3% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,339 shares of the technology company’s stock worth $57,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Match Group by 3,829.8% during the first quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 20.20% of the company’s stock.
About Match Group
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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