Match Group (NASDAQ:MTCH) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, January 9th.
MTCH has been the topic of a number of other reports. Vetr downgraded Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective on the stock. in a report on Monday, January 8th. Cowen restated an “outperform” rating and issued a $28.00 price objective (up from $22.00) on shares of Match Group in a report on Friday, October 13th. Barclays raised their price objective 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. Bank of America raised their price objective on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, CIBC restated a “market perform” rating on shares of Match Group in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Match Group currently has a consensus rating of “Buy” and a consensus target price of $33.54.
Shares of Match Group (MTCH) opened at $34.71 on Tuesday. 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 52 week low of $15.42 and a 52 week high of $35.51. The stock has a market capitalization of $9,480.93, a PE ratio of 58.83, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91.
Match Group (NASDAQ:MTCH) last issued its quarterly 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 during the quarter, compared to analyst estimates of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. equities analysts predict that Match Group will post 0.62 earnings per share for the current year.
In other news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 18.10% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its position in shares of Match Group by 211.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after purchasing an additional 2,434 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Match Group during the fourth quarter valued at $268,000. Aperio Group LLC grew its holdings in shares of Match Group by 5.1% during the fourth quarter. Aperio Group LLC now owns 32,506 shares of the technology company’s stock valued at $1,018,000 after buying an additional 1,566 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Match Group by 12.6% during the fourth quarter. Victory Capital Management Inc. now owns 59,176 shares of the technology company’s stock valued at $1,853,000 after buying an additional 6,629 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of Match Group by 42.6% during the fourth quarter. Engineers Gate Manager LP now owns 160,755 shares of the technology company’s stock valued at $5,033,000 after buying an additional 48,047 shares in the last quarter. 20.33% of the stock is currently owned by 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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