BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report issued on Thursday morning.
MTCH has been the topic of several other research reports. Wells Fargo reaffirmed an outperform rating and set a $38.00 price target (up previously from $33.00) on shares of Match Group in a research report on Monday, January 8th. Vetr raised shares of Match Group from a hold rating to a buy rating and set a $37.10 price target on the stock in a research report on Tuesday, January 30th. Zacks Investment Research downgraded shares of Match Group from a hold rating to a sell rating in a report on Tuesday, February 6th. Piper Jaffray lifted their target price on shares of Match Group to $40.00 and gave the company an overweight rating in a report on Monday, February 5th. Finally, UBS downgraded shares of Match Group from a buy rating to a neutral rating and dropped their target price for the company from $46.79 to $35.00 in a report on Thursday, March 15th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $39.32.
MTCH stock opened at $46.71 on Thursday. The company has a market cap of $12,813.95, a PE ratio of 77.85, a PEG ratio of 3.60 and a beta of 0.29. 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 one year low of $16.57 and a one year high of $48.65.
Match Group (NASDAQ:MTCH) last released its quarterly 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 firm 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 31.33%. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. analysts forecast that Match Group will post 1.04 earnings per share for the current year.
In other Match Group news, Director Gregory R. Blatt sold 456,673 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $18,134,484.83. Following the completion of the transaction, the director now owns 2,504,859 shares in the company, valued at $99,467,950.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Philip D. Eigenmann sold 7,081 shares of the business’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $39.94, for a total transaction of $282,815.14. Following the completion of the transaction, the chief accounting officer now owns 12,500 shares of the company’s stock, valued at approximately $499,250. 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 in the last quarter. 18.10% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Match Group in the fourth quarter worth $313,000. J. Goldman & Co LP grew its stake in shares of Match Group by 79.5% in the fourth quarter. J. Goldman & Co LP now owns 60,896 shares of the technology company’s stock worth $1,907,000 after acquiring an additional 26,964 shares in the last quarter. Sterling Capital Management LLC acquired a new position in shares of Match Group in the fourth quarter worth $1,725,000. Macquarie Group Ltd. grew its stake in shares of Match Group by 356.0% in the fourth quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock worth $49,494,000 after acquiring an additional 1,234,092 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Match Group by 18.0% in the fourth quarter. LPL Financial LLC now owns 27,113 shares of the technology company’s stock worth $849,000 after acquiring an additional 4,133 shares in the last quarter. Institutional investors and hedge funds own 22.05% of the company’s stock.
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About Match Group
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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