Match Group (MTCH) Now Covered by Analysts at Nomura

Investment analysts at Nomura initiated coverage on shares of Match Group (NASDAQ:MTCH) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $66.00 price target on the technology company’s stock. Nomura’s price objective suggests a potential upside of 21.91% from the stock’s current price.

MTCH has been the topic of several other research reports. BidaskClub upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 29th. Jefferies Financial Group raised their price target on shares of Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Aegis raised their price target on shares of Match Group from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. Wells Fargo & Co restated a “hold” rating and set a $41.00 price target on shares of Match Group in a research report on Wednesday, August 8th. Finally, ValuEngine lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.69.

MTCH stock opened at $54.14 on Thursday. The firm has a market cap of $16.03 billion, a P/E ratio of 104.12, a PEG ratio of 3.78 and a beta of 0.35. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.18. Match Group has a one year low of $24.40 and a one year high of $60.95.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The company had revenue of $421.20 million for the quarter, compared to analyst estimates of $413.07 million. Match Group had a net margin of 32.94% and a return on equity of 53.18%. Research analysts predict that Match Group will post 1.23 earnings per share for the current year.

In other news, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total value of $5,235,137.27. Following the sale, the chief financial officer now owns 266,010 shares in the company, valued at $13,186,115.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanda Ginsberg sold 106,850 shares of Match Group stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the completion of the sale, the chief executive officer now owns 62,682 shares in the company, valued at approximately $3,094,610.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,000 shares of company stock worth $12,382,872. Company insiders own 7.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in shares of Match Group by 12.3% in the second quarter. CIBC Asset Management Inc now owns 9,612 shares of the technology company’s stock valued at $372,000 after purchasing an additional 1,056 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Match Group by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock worth $158,000 after buying an additional 1,336 shares in the last quarter. TLP Group LLC lifted its stake in shares of Match Group by 12,204.8% in the first quarter. TLP Group LLC now owns 2,584 shares of the technology company’s stock worth $115,000 after buying an additional 2,563 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Match Group by 38.3% in the second quarter. State of Wisconsin Investment Board now owns 10,143 shares of the technology company’s stock worth $393,000 after buying an additional 2,810 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Match Group by 38.2% in the second quarter. Janus Henderson Group PLC now owns 10,238 shares of the technology company’s stock worth $397,000 after buying an additional 2,828 shares in the last quarter. Institutional investors and hedge funds own 22.58% of the company’s stock.

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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