Match Group Inc (MTCH) Receives $37.07 Consensus Target Price from Analysts

Match Group Inc (NASDAQ:MTCH) has earned a consensus rating of “Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.07.

Several brokerages have recently commented on MTCH. TheStreet lowered shares of Match Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Evercore ISI began coverage on shares of Match Group in a report on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 price objective on the stock. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Wells Fargo & Co restated an “outperform” rating and issued a $38.00 price objective (up from $33.00) on shares of Match Group in a report on Monday, January 8th. Finally, Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th.

In other Match Group news, President Sharmistha Dubey sold 141,149 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.99, for a total transaction of $5,362,250.51. Following the sale, the president now directly owns 78,650 shares in the company, valued at approximately $2,987,913.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Gary Swidler sold 90,089 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.54, for a total transaction of $3,742,297.06. Following the sale, the chief financial officer now owns 333,090 shares in the company, valued at $13,836,558.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,310 shares of company stock worth $9,825,116. 18.10% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its holdings in Match Group by 499.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after buying an additional 5,333 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Match Group by 2,627.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares in the last quarter. Finally, Delpha Capital Management LLC acquired a new stake in shares of Match Group in the 4th quarter valued at $138,000. Institutional investors own 21.35% of the company’s stock.

Match Group (NASDAQ:MTCH) traded up $0.18 during trading on Friday, hitting $41.56. 2,112,000 shares of the stock traded hands, compared to its average volume of 2,005,464. Match Group has a twelve month low of $15.42 and a twelve month high of $42.67. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $11,460.00 and a PE ratio of 34.63.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 30.34%. The firm had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same period last year, the company earned $0.29 EPS. The business’s quarterly revenue was up 28.5% on a year-over-year basis. research analysts forecast that Match Group will post 0.91 earnings per share for the current year.

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About Match Group

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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