Match Group (NASDAQ:MTCH) Stock Price Expected to Rise, UBS Group Analyst Says

Match Group (NASDAQ:MTCH – Get Free Report) had its price target lifted by equities researchers at UBS Group from $38.00 to $43.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group‘s price objective would suggest a potential upside of 8.95% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Evercore raised Match Group from a “cautious” rating to an “outperform” rating and set a $53.00 target price for the company in a research note on Monday, October 19th. Wells Fargo & Company reduced their price objective on Match Group from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Zacks Research cut Match Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, JPMorgan Chase & Co. started coverage on Match Group in a research report on Monday, August 24th. They issued a “neutral” rating and a $43.00 target price for the company. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Get Our Latest Analysis on Match Group

Match Group Stock Performance

MTCH traded down $2.60 on Tuesday, reaching $39.47. The company had a trading volume of 2,128,972 shares, compared to its average volume of 3,984,106. The stock has a market cap of $9.06 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.63 and a beta of 1.43. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $46.67. The company’s fifty day moving average is $42.28 and its 200 day moving average is $36.54.

Match Group (NASDAQ:MTCH – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The company had revenue of $891.23 million during the quarter, compared to analysts’ expectations of $892.45 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Match Group will post 3.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Ann Mcdaniel sold 3,531 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total value of $149,820.33. Following the completion of the sale, the director owned 26,839 shares of the company’s stock, valued at approximately $1,138,778.77. This represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen Bailey sold 4,760 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $42.26, for a total value of $201,157.60. Following the transaction, the director owned 11,742 shares of the company’s stock, valued at $496,216.92. This trade represents a 28.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,291 shares of company stock worth $976,478. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Match Group

Several institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its position in shares of Match Group by 91.3% in the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after purchasing an additional 431 shares during the period. Eastern Bank bought a new position in Match Group during the third quarter worth $31,000. Elevation Wealth Partners LLC raised its stake in Match Group by 1,319.4% during the second quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock worth $36,000 after buying an additional 884 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Match Group in the second quarter valued at $76,000. Finally, Parallel Advisors LLC lifted its holdings in Match Group by 31.4% in the first quarter. Parallel Advisors LLC now owns 3,385 shares of the technology company’s stock valued at $104,000 after buying an additional 808 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Key Match Group News

Here are the key news stories impacting Match Group this week:

  • Positive Sentiment: Tinder usage is improving. Tinder’s U.S. daily active users returned to year-over-year growth in September and October, an important milestone after more than three years of declines. Match also highlighted continued double-digit user, revenue and payer growth at Hinge. Reuters report on Tinder user growth
  • Positive Sentiment: Quarterly results were slightly better on adjusted earnings. Match reported third-quarter revenue of approximately $891 million, broadly in line with expectations, while earnings per share of $0.73 exceeded the cited consensus estimate of $0.71. Revenue, however, declined 2.5% year over year. Match Group third-quarter results
  • Neutral Sentiment: Analyst views remain divided. Barclays raised its price target from $51 to $52 and retained an Overweight rating, while Wells Fargo lowered its target from $39 to $38 and maintained Equal Weight. Morgan Stanley and JPMorgan also kept Hold ratings, with targets of $40 and $43, respectively. Barclays rating action
  • Negative Sentiment: Near-term growth remains weak. Match guided to fourth-quarter revenue of $865 million to $875 million, implying revenue will be down approximately 1% to flat and is centered near consensus. Investors are also concerned about falling payers and the company’s disclosure of an approximately one-percentage-point margin headwind in 2027. Match Group fourth-quarter guidance
  • Negative Sentiment: The recovery is not yet translating into proven monetization or profit growth. Analysts noted that Tinder stabilization, payer trends and margin expansion remain uncertain, limiting the impact of improving engagement metrics on the stock’s valuation. Morgan Stanley Match Group rating

About Match Group

(Get Free Report)

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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