Oppenheimer Weighs in on Match Group’s Q4 2018 Earnings (NASDAQ:MTCH)

Match Group (NASDAQ:MTCH) – Research analysts at Oppenheimer increased their Q4 2018 earnings per share estimates for shares of Match Group in a research report issued on Wednesday, May 9th, Zacks Investment Research reports. Oppenheimer analyst J. Helfstein now anticipates that the technology company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.32.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $407.40 million during the quarter, compared to analysts’ expectations of $384.81 million. Match Group had a net margin of 29.86% and a return on equity of 39.06%. Match Group’s revenue was up 36.3% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS.



Other research analysts have also recently issued reports about the stock. BMO Capital Markets lifted their target price on shares of Match Group from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Citigroup lifted their target price on shares of Match Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Deutsche Bank lifted their target price on shares of Match Group to $43.00 and gave the stock a “buy” rating in a report on Friday, May 11th. Finally, Barclays lifted their target price on shares of Match Group from $30.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $38.63.

Match Group stock traded up $0.71 during trading hours on Friday, hitting $41.06. The stock had a trading volume of 35,485 shares, compared to its average volume of 2,567,182. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $10.89 billion, a PE ratio of 78.98, a price-to-earnings-growth ratio of 2.71 and a beta of 0.28. Match Group has a 12-month low of $38.92 and a 12-month high of $39.85.

In other news, CAO Philip D. Eigenmann sold 7,081 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $499,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mcdaniel sold 5,676 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The disclosure for this sale can be found here. Insiders have sold 469,430 shares of company stock valued at $18,644,851 over the last three months. 18.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in Match Group by 23.1% during the fourth quarter. Rhumbline Advisers now owns 52,255 shares of the technology company’s stock valued at $1,636,000 after buying an additional 9,816 shares during the period. Wells Fargo & Company MN grew its position in Match Group by 163.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock valued at $82,940,000 after buying an additional 1,645,294 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Match Group during the fourth quarter valued at approximately $1,392,000. Public Employees Retirement Association of Colorado grew its position in Match Group by 211.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock valued at $112,000 after buying an additional 2,434 shares during the period. Finally, Advisor Group Inc. grew its position in Match Group by 115.4% during the fourth quarter. Advisor Group Inc. now owns 12,650 shares of the technology company’s stock valued at $397,000 after buying an additional 6,776 shares during the period. Institutional investors own 22.36% of the company’s stock.

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.

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Earnings History and Estimates for Match Group (NASDAQ:MTCH)

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