UBS Group downgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a neutral rating in a research note published on Thursday morning. UBS Group currently has $35.00 price objective on the technology company’s stock, down from their prior price objective of $46.79.
A number of other research analysts have also recently weighed in on MTCH. Zacks Investment Research raised shares of Match Group from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Saturday, March 10th. Jefferies Group raised their price objective on shares of Match Group to $50.00 and gave the stock a buy rating in a research note on Wednesday, March 7th. ValuEngine raised shares of Match Group from a hold rating to a buy rating in a research note on Thursday, March 1st. BMO Capital Markets raised their price objective on shares of Match Group from $35.00 to $42.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Finally, Wells Fargo & Co cut shares of Match Group from an outperform rating to a market perform rating in a research note on Friday, March 9th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $39.32.
Shares of Match Group (MTCH) traded down $0.05 on Thursday, hitting $46.66. 699,049 shares of the stock were exchanged, compared to its average volume of 1,973,499. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.40. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $46.95. The stock has a market cap of $12,835.90, a PE ratio of 39.34, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 66.07% and a net margin of 22.28%. The business had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. During the same period last year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. equities analysts expect that Match Group will post 1.04 earnings per share for the current year.
In other Match Group news, President Sharmistha Dubey sold 141,149 shares of Match Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.99, for a total value of $5,362,250.51. Following the completion of the sale, the president now directly owns 78,650 shares of the company’s stock, valued at approximately $2,987,913.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory R. Blatt sold 456,673 shares of Match Group stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $18,134,484.83. Following the completion of the sale, the director now directly owns 2,504,859 shares of the company’s stock, valued at $99,467,950.89. The disclosure for this sale can be found here. Insiders sold a total of 721,437 shares of company stock valued at $28,580,747 over the last ninety days. 18.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake 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 period. Aperio Group LLC boosted its holdings in shares of Match Group by 5.1% in the 4th quarter. Aperio Group LLC now owns 32,506 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 1,566 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Match Group by 4.3% in the 4th quarter. Teachers Advisors LLC now owns 40,216 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 1,671 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of 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 valued at $548,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Match Group by 40.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock valued at $172,000 after purchasing an additional 2,129 shares during the last quarter. 21.96% of the stock is owned by hedge funds and other 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.
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