News headlines about Match Group (NASDAQ:MTCH) have trended positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Match Group earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.0391489400826 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
Several brokerages have recently weighed in on MTCH. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Vetr downgraded Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 target price for the company. in a research note on Monday, January 8th. Cowen restated an “outperform” rating and set a $28.00 target price (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. Barclays raised their target price on Match Group from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Finally, Bank of America raised their target price on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.77.
Shares of Match Group (MTCH) traded up $0.34 during mid-day trading on Friday, hitting $32.64. 876,807 shares of the stock traded hands, compared to its average volume of 1,350,000. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group has a twelve month low of $15.42 and a twelve month high of $33.08. The company has a market capitalization of $8,920.00 and a PE ratio of 21.76.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts expect that Match Group will post 0.62 earnings per share for the current fiscal year.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 18.10% of the company’s stock.
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About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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