Match Group (MTCH) Downgraded by BidaskClub to “Buy”

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.

A number of other equities research analysts have also commented on the stock. Vetr lowered shares of Match Group from a strong-buy rating to a buy rating and set a $35.61 price objective on the stock. in a report on Monday, January 8th. Wells Fargo & Co reissued an outperform rating and set a $38.00 price objective (up previously from $33.00) on shares of Match Group in a report on Monday, January 8th. Guggenheim raised shares of Match Group from a neutral rating to a buy rating in a report on Tuesday, December 19th. Evercore ISI initiated coverage on shares of Match Group in a report on Tuesday, December 5th. They set an outperform rating and a $34.00 price objective on the stock. Finally, Deutsche Bank reaffirmed a buy rating and issued a $33.00 target price on shares of Match Group in a research note on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $32.77.

Shares of Match Group (NASDAQ MTCH) traded up $0.34 during trading hours on Tuesday, reaching $32.64. 876,807 shares of the company’s stock were exchanged, compared to its average volume of 1,350,000. Match Group has a 12-month low of $15.42 and a 12-month high of $33.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The company has a market cap of $8,920.00 and a price-to-earnings ratio of 21.76.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. analysts expect that Match Group will post 0.62 EPS for the current year.

In related news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MTCH. Light Street Capital Management LLC bought a new position in Match Group during the 2nd quarter worth approximately $39,974,000. Vanguard Group Inc. boosted its stake in Match Group by 34.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after acquiring an additional 1,617,950 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Match Group by 493.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock worth $23,276,000 after acquiring an additional 834,681 shares during the last quarter. black and white Capital LP bought a new position in Match Group during the 2nd quarter worth approximately $13,209,000. Finally, Gladstone Capital Management LLP bought a new position in Match Group during the 3rd quarter worth approximately $13,962,000. 20.97% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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