Match Group (NASDAQ:MTCH) Stock Rating Upgraded by Wall Street Zen

Match Group (NASDAQ:MTCH) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Raymond James Financial restated a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Morgan Stanley set a $35.00 price target on shares of Match Group in a research note on Wednesday. Wolfe Research set a $43.00 price objective on Match Group and gave the company an “outperform” rating in a research report on Monday, January 5th. Finally, Wells Fargo & Company dropped their target price on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Match Group presently has a consensus rating of “Hold” and a consensus target price of $35.86.

Match Group Trading Up 2.5%

Shares of NASDAQ MTCH opened at $31.63 on Friday. Match Group has a one year low of $26.39 and a one year high of $39.20. The business has a 50-day moving average price of $32.27 and a two-hundred day moving average price of $33.94. The firm has a market capitalization of $7.47 billion, a PE ratio of 13.29, a PEG ratio of 0.62 and a beta of 1.32.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff bought 14,000 shares of Match Group stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer owned 165,128 shares in the company, valued at $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Institutional Trading of Match Group

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Match Group by 1,163.7% in the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after buying an additional 5,652,174 shares during the last quarter. Norges Bank bought a new stake in Match Group during the second quarter valued at about $134,429,000. Jupiter Asset Management Ltd. grew its position in shares of Match Group by 15,523.3% in the second quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock valued at $107,751,000 after purchasing an additional 3,465,877 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Match Group by 2,474.5% in the third quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after purchasing an additional 2,635,085 shares during the period. Finally, State Street Corp increased its stake in shares of Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after purchasing an additional 2,461,025 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.