Match Group (MTCH) Stock Rating Upgraded by Vetr

Match Group (NASDAQ:MTCH) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $35.61 price target on the technology company’s stock. Vetr‘s price objective points to a potential upside of 13.41% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Bank of America boosted their target price on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Deutsche Bank reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a report on Wednesday, November 15th. Wells Fargo & Co reissued a “buy” rating and set a $29.00 target price (up from $21.00) on shares of Match Group in a report on Thursday, October 19th. Finally, BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a report on Monday, December 25th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.77.

Match Group (NASDAQ MTCH) traded down $1.24 during mid-day trading on Tuesday, hitting $31.40. The company had a trading volume of 1,680,000 shares, compared to its average volume of 1,320,000. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $8,580.00 and a price-to-earnings ratio of 20.93. Match Group has a 1-year low of $15.42 and a 1-year high of $33.08.

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

In related news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its position in shares of Match Group by 499.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after acquiring an additional 5,333 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after acquiring an additional 519 shares during the period. Turner Investments LLC bought a new stake in shares of Match Group during the 3rd quarter valued at $162,000. BNP Paribas Arbitrage SA lifted its position in shares of Match Group by 162.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after acquiring an additional 4,359 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Match Group by 40.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock valued at $172,000 after acquiring an additional 2,129 shares during the period. Hedge funds and other institutional investors own 20.97% of the company’s stock.

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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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