Nomura restated their neutral rating on shares of Match Group (NASDAQ:MTCH) in a research note published on Friday morning, MarketBeat reports. The firm currently has a $48.00 target price on the technology company’s stock, down from their prior target price of $55.00.
MTCH has been the topic of a number of other reports. BidaskClub upgraded shares of Match Group from a buy rating to a strong-buy rating in a research note on Wednesday, October 17th. BMO Capital Markets raised their price target on shares of Match Group to $62.00 and gave the company an outperform rating in a research note on Friday. Deutsche Bank downgraded shares of Match Group from a buy rating to a hold rating and reduced their price target for the company from $61.00 to $53.86 in a research note on Wednesday, February 6th. Zacks Investment Research downgraded shares of Match Group from a buy rating to a hold rating in a research note on Tuesday, February 5th. Finally, Goldman Sachs Group began coverage on shares of Match Group in a research note on Monday, February 4th. They issued a sell rating and a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $52.26.
Shares of Match Group stock opened at $57.73 on Friday. The stock has a market cap of $15.74 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 2.42 and a beta of 0.59. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.63 and a current ratio of 1.63. Match Group has a 12-month low of $33.30 and a 12-month high of $60.95.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $448.38 million. Match Group had a net margin of 27.48% and a return on equity of 66.86%. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, analysts predict that Match Group will post 1.52 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of MTCH. Bell Rock Capital LLC acquired a new stake in Match Group during the 4th quarter worth approximately $54,000. Cornerstone Advisors Inc. boosted its position in Match Group by 863.3% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,339 shares of the technology company’s stock worth $57,000 after buying an additional 1,200 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Match Group by 38.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,000 shares of the technology company’s stock worth $86,000 after buying an additional 558 shares during the period. Quantamental Technologies LLC acquired a new stake in Match Group during the 4th quarter worth approximately $106,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Match Group during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 23.27% 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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