Match Group, Inc. (NASDAQ:MTCH) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for Match Group in a report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst B. Thill now forecasts that the technology company will earn $0.63 per share for the year, down from their previous forecast of $0.64. Jefferies Group has a “Buy” rating and a $35.00 price objective on the stock.
Other equities research analysts have also issued research reports about the company. Wells Fargo & Company reissued 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. UBS AG raised their target price on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. BMO Capital Markets reissued a “buy” rating and set a $21.00 target price on shares of Match Group in a research report on Wednesday, September 13th. Bank of America Corporation raised their target price on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Citigroup Inc. lifted their price target on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Match Group currently has an average rating of “Hold” and an average price target of $30.03.
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Shares of Match Group (NASDAQ MTCH) traded down $0.10 during midday trading on Friday, hitting $28.46. The stock had a trading volume of 2,676,700 shares, compared to its average volume of 1,422,717. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.83. Match Group has a 1-year low of $15.42 and a 1-year high of $32.87. The firm has a market cap of $7,488.77, a price-to-earnings ratio of 48.41, a PEG ratio of 3.58 and a beta of 0.68.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 30.58% and a net margin of 34.06%. The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same period last year, the business posted $0.23 EPS. Match Group’s revenue was up 19.4% on a year-over-year basis.
In related news, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the sale, the general counsel now directly owns 64,436 shares in the company, valued at $1,318,360.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Sam Yagan sold 98,854 shares of Match Group stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $19.10, for a total value of $1,888,111.40. Following the completion of the sale, the insider now owns 84,391 shares in the company, valued at $1,611,868.10. The disclosure for this sale can be found here. Insiders sold a total of 902,498 shares of company stock worth $19,287,878 over the last quarter. Company insiders own 18.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in shares of Match Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock valued at $503,000 after buying an additional 75 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Match Group by 0.9% in the second quarter. Suntrust Banks Inc. now owns 30,490 shares of the technology company’s stock valued at $529,000 after buying an additional 263 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 519 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Match Group by 6.3% in the second quarter. Advisor Group Inc. now owns 13,699 shares of the technology company’s stock valued at $238,000 after buying an additional 814 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Match Group by 17.3% in the second quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock valued at $222,000 after buying an additional 1,828 shares in the last quarter. Hedge funds and other institutional investors own 19.95% of the company’s stock.
Match Group Company Profile
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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