BidaskClub downgraded shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.
Other analysts have also issued research reports about the stock. Bank of America raised their target price on shares of Match Group from $21.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, October 10th. Wells Fargo & Co restated a buy rating and set a $29.00 target price (up previously from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Jefferies Group restated a buy rating and set a $28.00 target price on shares of Match Group in a research report on Saturday, September 30th. UBS Group raised their target price on shares of Match Group from $22.00 to $28.00 and gave the stock a buy rating in a research report on Wednesday, September 20th. Finally, BMO Capital Markets restated a buy rating and set a $21.00 target price on shares of Match Group in a research report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $32.77.
Shares of Match Group (MTCH) traded up $0.34 on Tuesday, hitting $32.64. 876,807 shares of the stock were exchanged, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $33.08. The stock has a market cap of $8,920.00 and a PE ratio of 21.76.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $329.19 million. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts expect that Match Group will post 0.62 earnings per share for the current year.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 18.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in MTCH. Light Street Capital Management LLC acquired a new position in shares of Match Group in the 2nd quarter valued at $39,974,000. Vanguard Group Inc. boosted its holdings in shares of Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after purchasing an additional 1,617,950 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Match Group by 493.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock valued at $23,276,000 after purchasing an additional 834,681 shares during the last quarter. black and white Capital LP acquired a new position in shares of Match Group in the 2nd quarter valued at $13,209,000. Finally, Gladstone Capital Management LLP acquired a new position in shares of Match Group in the 3rd quarter valued at $13,962,000. Institutional investors own 20.97% of the company’s stock.
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About Match Group
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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