Match Group Inc (NASDAQ:MTCH) – Investment analysts at Jefferies Group lowered their Q2 2018 EPS estimates for Match Group in a research note issued on Wednesday. Jefferies Group analyst B. Thill now forecasts that the technology company will earn $0.19 per share for the quarter, down from their previous forecast of $0.21. Jefferies Group has a “Buy” rating and a $35.00 price target on the stock.
Other equities analysts also recently issued reports about the stock. Citigroup reissued a “buy” rating and set a $35.00 target price on shares of Match Group in a research report on Thursday, November 9th. Wells Fargo & Co reissued a “buy” rating and set a $29.00 target price (up from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Aegis increased their target price on shares of Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Cowen reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a research report on Friday, November 10th. Finally, Deutsche Bank reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.32.
Match Group (MTCH) opened at $37.99 on Monday. 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 company has a market cap of $9,754.08, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. Match Group has a 1 year low of $15.42 and a 1 year high of $38.50.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. Match Group had a return on equity of 30.34% and a net margin of 26.31%. The company’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its stake in shares of Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after buying an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock valued at $112,000 after buying an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after buying an additional 3,600 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the period. Finally, Turner Investments LLC bought a new stake in shares of Match Group in the third quarter valued at about $162,000. Institutional investors and hedge funds own 20.72% of the company’s stock.
In related news, Director Ann Mcdaniel sold 11,119 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.10% of the stock is currently owned by company insiders.
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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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