Match Group (MTCH) Receives “Buy” Rating from Aegis

Aegis reissued their buy rating on shares of Match Group (NASDAQ:MTCH) in a report released on Friday morning, Marketbeat reports. Aegis currently has a $45.00 target price on the technology company’s stock, up from their previous target price of $42.00.

Several other research firms have also recently weighed in on MTCH. JPMorgan Chase & Co. restated an overweight rating and set a $42.00 price objective (up previously from $39.00) on shares of Match Group in a research report on Thursday, February 8th. Barclays raised their price objective on shares of Match Group from $30.00 to $37.00 and gave the company an equal weight rating in a research report on Thursday, February 8th. BMO Capital Markets raised their price objective on shares of Match Group from $35.00 to $42.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Vetr cut shares of Match Group from a buy rating to a hold rating and set a $37.10 price objective on the stock. in a research report on Thursday, February 8th. Finally, Bank of America raised their price objective on shares of Match Group from $35.00 to $40.00 and gave the company a buy rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $36.51.

Shares of Match Group (NASDAQ:MTCH) opened at $41.56 on Friday. 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 firm has a market cap of $11,350.00 and a price-to-earnings ratio of 34.63. Match Group has a 52-week low of $15.42 and a 52-week high of $42.67.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 30.34%. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. sell-side analysts expect that Match Group will post 0.91 earnings per share for the current 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 shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gary Swidler sold 90,089 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.54, for a total transaction of $3,742,297.06. Following the completion of the sale, the chief financial officer now directly owns 333,090 shares in the company, valued at approximately $13,836,558.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,310 shares of company stock worth $9,825,116. 18.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after acquiring an additional 519 shares during the last quarter. Aperio Group LLC grew its holdings in Match Group by 5.1% in the 4th quarter. Aperio Group LLC now owns 32,506 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 1,566 shares during the last quarter. Teachers Advisors LLC grew its holdings in Match Group by 4.3% in the 4th quarter. Teachers Advisors LLC now owns 40,216 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 1,671 shares during the last quarter. California Public Employees Retirement System grew its holdings in Match Group by 10.8% in the 4th quarter. California Public Employees Retirement System now owns 17,500 shares of the technology company’s stock worth $548,000 after acquiring an additional 1,700 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Match Group by 17.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,987 shares of the technology company’s stock worth $226,000 after acquiring an additional 1,887 shares during the last quarter. 21.35% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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