Match Group’s (MTCH) “Hold” Rating Reiterated at Guggenheim

Guggenheim reiterated their hold rating on shares of Match Group (NASDAQ:MTCH) in a report published on Tuesday, TipRanks reports.

Several other research firms also recently commented on MTCH. Zacks Investment Research upgraded shares of Match Group from a hold rating to a strong-buy rating and set a $78.00 price target on the stock in a research note on Wednesday, May 15th. Nomura upped their price objective on shares of Match Group from $62.00 to $81.00 and gave the stock a neutral rating in a research report on Thursday, August 8th. BMO Capital Markets upped their price objective on shares of Match Group from $74.00 to $85.00 and gave the stock a market perform rating in a research report on Thursday, August 8th. ValuEngine cut shares of Match Group from a buy rating to a hold rating in a research report on Wednesday, September 4th. Finally, BidaskClub cut shares of Match Group from a buy rating to a hold rating in a research report on Tuesday. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $88.24.

Shares of MTCH stock traded up $0.41 on Tuesday, hitting $76.58. The company’s stock had a trading volume of 8,532 shares, compared to its average volume of 2,105,557. The company has a debt-to-equity ratio of 7.63, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average is $81.45 and its 200-day moving average is $68.53. Match Group has a fifty-two week low of $33.30 and a fifty-two week high of $95.32. The company has a market capitalization of $21.24 billion, a PE ratio of 57.59, a PEG ratio of 2.56 and a beta of 0.23.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The business had revenue of $498.00 million for the quarter, compared to the consensus estimate of $489.16 million. During the same period in the prior year, the company posted $0.45 earnings per share. Match Group’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts forecast that Match Group will post 1.77 earnings per share for the current year.

In other news, CAO Philip D. Eigenmann sold 7,057 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $84.49, for a total value of $596,245.93. Following the completion of the transaction, the chief accounting officer now owns 13,133 shares of the company’s stock, valued at $1,109,607.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jared F. Sine sold 24,641 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $81.58, for a total transaction of $2,010,212.78. Following the completion of the transaction, the insider now directly owns 39,649 shares of the company’s stock, valued at approximately $3,234,565.42. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Match Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 6,319,263 shares of the technology company’s stock worth $425,097,000 after acquiring an additional 48,969 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Match Group by 8.4% in the second quarter. JPMorgan Chase & Co. now owns 5,469,837 shares of the technology company’s stock worth $373,207,000 after acquiring an additional 425,333 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Match Group by 30.9% in the second quarter. Renaissance Technologies LLC now owns 2,821,900 shares of the technology company’s stock worth $189,829,000 after acquiring an additional 665,600 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Match Group by 24.5% in the second quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after acquiring an additional 233,918 shares during the last quarter. Finally, Gladstone Capital Management LLP lifted its holdings in shares of Match Group by 24.1% in the second quarter. Gladstone Capital Management LLP now owns 1,041,364 shares of the technology company’s stock worth $70,053,000 after acquiring an additional 202,312 shares during the last quarter. 22.82% of the stock is owned by hedge funds and other institutional investors.

Match Group Company Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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