Match Group (MTCH) Rating Lowered to Buy at BidaskClub

Match Group (NASDAQ:MTCH) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

A number of other equities analysts have also issued reports on MTCH. BMO Capital Markets restated a “buy” rating and set a $21.00 target price on shares of Match Group in a research report on Wednesday, September 13th. UBS Group lifted their price objective on shares of Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th. Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Match Group in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of Match Group from a “strong sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a research report on Wednesday, October 4th. Finally, Citigroup lifted their price objective on shares of Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Match Group currently has a consensus rating of “Buy” and an average price target of $32.77.

Shares of Match Group (MTCH) traded up $0.34 on Tuesday, hitting $32.64. 876,807 shares of the stock were exchanged, compared to its average volume of 1,350,000. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $8,920.00 and a price-to-earnings ratio of 21.76. Match Group has a twelve month low of $15.42 and a twelve month high of $33.08.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. 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 on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its holdings in Match Group by 48.3% in the third quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock valued at $514,000 after acquiring an additional 7,210 shares during the period. RWC Asset Management LLP acquired a new stake in Match Group in the third quarter valued at $3,479,000. Janney Montgomery Scott LLC acquired a new stake in Match Group in the third quarter valued at $226,000. Granahan Investment Management Inc. MA acquired a new stake in Match Group in the third quarter valued at $8,016,000. Finally, Crestline Management LP acquired a new stake in Match Group in the third quarter valued at $2,429,000. 20.97% of the stock is owned by institutional investors.

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Match Group Company Profile

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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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