BidaskClub downgraded shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.
Other analysts have also issued reports about the stock. Cowen reiterated an outperform rating and set a $28.00 target price (up from $22.00) on shares of Match Group in a research report on Friday, October 13th. BMO Capital Markets reiterated an outperform rating and set a $30.00 target price (up from $21.00) on shares of Match Group in a research report on Friday, October 13th. UBS lowered shares of Match Group from an outperform rating to a market perform rating and lifted their target price for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. Jefferies Group reiterated a buy rating and set a $28.00 target price on shares of Match Group in a research report on Saturday, September 30th. Finally, CIBC reiterated a market perform rating on shares of Match Group in a research report on Thursday, November 9th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $31.09.
Match Group (NASDAQ:MTCH) traded up $0.35 during trading hours on Wednesday, hitting $28.68. 1,286,000 shares of the stock traded hands, compared to its average volume of 1,434,436. Match Group has a one year low of $15.42 and a one year high of $32.87. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $7,738.25, a P/E ratio of 48.02, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same quarter last year, the firm posted $0.23 earnings per share. Match Group’s revenue was up 19.4% on a year-over-year basis. research analysts forecast that Match Group will post 0.63 EPS for the current fiscal year.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the business’s 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 document filed with the SEC, which can be accessed through the SEC website. 18.10% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Mik Capital LLC acquired a new position in Match Group in the second quarter valued at about $23,043,000. Schwab Charles Investment Management Inc. boosted its position in Match Group by 15.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock valued at $2,084,000 after buying an additional 16,401 shares in the last quarter. D L Carlson Investment Group Inc. boosted its position in Match Group by 14.9% in the second quarter. D L Carlson Investment Group Inc. now owns 163,910 shares of the technology company’s stock valued at $2,849,000 after buying an additional 21,275 shares in the last quarter. Koch Industries Inc. boosted its position in Match Group by 1,409.6% in the second quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock valued at $535,000 after buying an additional 528,585 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Match Group by 65.3% in the second quarter. Principal Financial Group Inc. now owns 80,695 shares of the technology company’s stock valued at $1,402,000 after buying an additional 31,874 shares in the last quarter. Hedge funds and other institutional investors own 21.03% of the company’s stock.
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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