Match Group (NASDAQ:MTCH) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, December 19th, Marketbeat Ratings reports.
Several other equities analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Evercore ISI initiated coverage on shares of Match Group in a research note on Tuesday, December 5th. They set an “outperform” rating and a $34.00 target price for the company. Deutsche Bank reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a research note on Wednesday, November 15th. Aegis lifted their target price on shares of Match Group from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Finally, Cowen reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a research note on Friday, November 10th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.77.
Match Group (MTCH) opened at $32.64 on Tuesday. Match Group has a 12-month low of $15.42 and a 12-month high of $33.08. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $8,920.00 and a P/E ratio of 21.76.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share 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 firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $329.19 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts forecast that Match Group will post 0.62 EPS for the current year.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its position in Match Group by 499.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after acquiring an additional 5,333 shares during the last quarter. Turner Investments LLC acquired a new position in Match Group during the 3rd quarter worth $162,000. BNP Paribas Arbitrage SA lifted its position in Match Group by 162.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock worth $163,000 after acquiring an additional 4,359 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Match Group by 40.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,129 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after purchasing an additional 519 shares during the period. 20.97% of the stock is owned by hedge funds and other institutional investors.
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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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