Goldman Sachs Group started coverage on shares of Match Group (NASDAQ:MTCH) in a research report sent to investors on Wednesday morning, The Fly reports. The brokerage issued a neutral rating and a $86.00 target price on the technology company’s stock.
Several other equities research analysts have also recently commented on MTCH. Barclays reaffirmed a hold rating and set a $86.00 target price on shares of Match Group in a research note on Thursday, May 7th. SunTrust Banks increased their target price on shares of Match Group from $95.00 to $115.00 and gave the stock a buy rating in a research note on Tuesday, June 23rd. Deutsche Bank lifted their price target on shares of Match Group from $90.00 to $100.00 and gave the company a buy rating in a research note on Thursday, May 7th. Nomura raised their target price on Match Group from $84.00 to $100.00 in a research note on Thursday, May 7th. Finally, ValuEngine raised Match Group from a hold rating to a buy rating in a research note on Friday, July 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Match Group has a consensus rating of Buy and an average target price of $94.05.
NASDAQ MTCH opened at $94.20 on Wednesday. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 85.64, a PEG ratio of 4.32 and a beta of 1.23. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.05. Match Group has a twelve month low of $91.51 and a twelve month high of $108.45. The stock has a fifty day simple moving average of $92.69 and a 200 day simple moving average of $79.43.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.19. Match Group had a net margin of 2.69% and a return on equity of 9.24%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $545.02 million. During the same quarter in the previous year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts expect that Match Group will post 1.84 earnings per share for the current fiscal year.
In other Match Group news, Director Ann Mcdaniel sold 9,000 shares of Match Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $85.97, for a total transaction of $773,730.00. Following the completion of the transaction, the director now owns 8,332 shares of the company’s stock, valued at approximately $716,302.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Philip D. Eigenmann sold 8,813 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $85.23, for a total transaction of $751,131.99. Following the completion of the sale, the chief accounting officer now directly owns 13,134 shares in the company, valued at $1,119,410.82. The disclosure for this sale can be found here. Insiders have sold a total of 107,102 shares of company stock worth $8,853,507 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of MTCH. Sands Capital Management LLC grew its position in Match Group by 2.2% during the first quarter. Sands Capital Management LLC now owns 12,394,294 shares of the technology company’s stock worth $818,519,000 after buying an additional 263,853 shares in the last quarter. Lone Pine Capital LLC raised its stake in Match Group by 125.4% in the first quarter. Lone Pine Capital LLC now owns 6,845,734 shares of the technology company’s stock valued at $452,092,000 after purchasing an additional 3,808,603 shares in the last quarter. Wellington Management Group LLP purchased a new position in Match Group in the 1st quarter worth approximately $295,380,000. BlackRock Inc. increased its holdings in shares of Match Group by 2.5% in the 1st quarter. BlackRock Inc. now owns 2,907,684 shares of the technology company’s stock worth $192,021,000 after buying an additional 69,813 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Match Group by 1,073.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,726,239 shares of the technology company’s stock valued at $180,048,000 after buying an additional 2,493,840 shares in the last quarter. Institutional investors own 30.69% of the company’s stock.
About Match Group
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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