Match Group (MTCH) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report issued on Thursday morning.

MTCH has been the topic of a number of other reports. Zacks Investment Research cut shares of Match Group from a hold rating to a sell rating in a report on Tuesday, February 6th. UBS cut shares of Match Group from a buy rating to a neutral rating and dropped their target price for the company from $46.79 to $35.00 in a report on Thursday, March 15th. Vetr cut shares of Match Group from a strong-buy rating to a buy rating and set a $35.61 target price on the stock. in a report on Monday, January 8th. Jefferies Group upped their target price on shares of Match Group to $50.00 and gave the company a buy rating in a report on Wednesday, March 7th. Finally, ValuEngine raised shares of Match Group from a hold rating to a buy rating in a report on Thursday, March 1st. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $39.32.

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Shares of NASDAQ:MTCH opened at $46.71 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The stock has a market cap of $12,813.95, a price-to-earnings ratio of 89.83, a price-to-earnings-growth ratio of 3.60 and a beta of 0.29. Match Group has a one year low of $16.57 and a one year high of $48.65.



Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 31.33%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. equities analysts forecast that Match Group will post 1.04 EPS for the current fiscal year.

In other Match Group news, Director Gregory R. Blatt sold 456,673 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $18,134,484.83. Following the transaction, the director now directly owns 2,504,859 shares of the company’s stock, valued at approximately $99,467,950.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Philip D. Eigenmann sold 7,081 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $39.94, for a total transaction of $282,815.14. Following the completion of the transaction, the chief accounting officer now directly owns 12,500 shares in the company, valued at $499,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 721,437 shares of company stock worth $28,580,747. Insiders own 18.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MTCH. Wells Fargo & Company MN raised its holdings in Match Group by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock valued at $82,940,000 after acquiring an additional 1,645,294 shares during the period. Macquarie Group Ltd. grew its position in shares of Match Group by 356.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock worth $49,494,000 after purchasing an additional 1,234,092 shares in the last quarter. First Trust Advisors LP grew its position in shares of Match Group by 306.1% during the 4th quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock worth $44,817,000 after purchasing an additional 1,078,925 shares in the last quarter. Rathbone Brothers plc acquired a new position in shares of Match Group during the 4th quarter worth approximately $21,103,000. Finally, Two Sigma Advisers LP grew its position in shares of Match Group by 55.4% during the 4th quarter. Two Sigma Advisers LP now owns 834,965 shares of the technology company’s stock worth $26,143,000 after purchasing an additional 297,718 shares in the last quarter. 22.05% of the stock is currently owned by hedge funds and other institutional investors.

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Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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