Match Group (NASDAQ:MTCH) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
A number of other analysts also recently commented on MTCH. ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BMO Capital Markets upped their target price on Match Group from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. JPMorgan Chase restated an “overweight” rating and issued a $42.00 target price (up previously from $39.00) on shares of Match Group in a research note on Thursday, February 8th. Jefferies Group upped their price target on Match Group to $50.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Finally, TheStreet cut Match Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Match Group currently has a consensus rating of “Buy” and an average price target of $39.32.
Shares of MTCH opened at $47.14 on Thursday. Match Group has a 52 week low of $16.57 and a 52 week high of $48.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $13,192.53, a PE ratio of 90.65, a P/E/G ratio of 3.71 and a beta of 0.29.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Match Group had a return on equity of 31.33% and a net margin of 26.31%. The company had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year. research analysts predict that Match Group will post 1.04 EPS for the current fiscal year.
In other Match Group news, President Sharmistha Dubey sold 141,149 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.99, for a total transaction of $5,362,250.51. Following the completion of the transaction, the president now owns 78,650 shares of the company’s stock, valued at $2,987,913.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory R. Blatt sold 456,673 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 2,504,859 shares of the company’s stock, valued at approximately $99,467,950.89. The disclosure for this sale can be found here. Insiders have sold 721,437 shares of company stock valued at $28,580,747 in the last three months. Insiders own 18.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado increased its holdings in shares of Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock valued at $112,000 after purchasing an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the last quarter. Delpha Capital Management LLC acquired a new stake in shares of Match Group in the fourth quarter valued at approximately $138,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Match Group by 122.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock valued at $140,000 after purchasing an additional 2,460 shares during the last quarter. 22.05% of the stock is owned by institutional investors and hedge funds.
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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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