Match Group, Inc. (NASDAQ:MTCH) has earned an average recommendation of “Buy” from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.49.
Several brokerages recently weighed in on MTCH. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a research note on Monday. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Evercore ISI began coverage on Match Group in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 price target on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $33.00 price target on shares of Match Group in a research note on Wednesday, November 15th. Eventually, Aegis upped their price target on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 13th.
Shares of Match Group (NASDAQ MTCH) opened at $31.34 on Friday. The hard has a market capitalization of $8,560.00 and a price-to-earnings ratio of 20.89. Match Group has a 12 month low of $15.42 and a 12 month high of $32.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of Two.40.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.Nineteen earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The stiff had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $329.Nineteen million. Match Group had a come back on equity of 31.18% and a net margin of 34.06%. Match Group’s revenue for the quarter was up Nineteen.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. analysts predict that Match Group will post 0.62 EPS for the current year.
In other Match Group 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 SEC, which is available through the SEC website. Insiders own Eighteen.10% of the company’s stock.
Several large investors have recently made switches to their positions in MTCH. Dimensional Fund Advisors LP lifted its holdings in shares of Match Group by 477.3% during the very first quarter. Dimensional Fund Advisors LP now possesses 121,912 shares of the technology company’s stock valued at $1,991,000 after purchasing an extra 100,793 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Match Group by 15.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now wields 119,865 shares of the technology company’s stock valued at $Two,084,000 after purchasing an extra 16,401 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Match Group by Nineteen.9% during the 2nd quarter. Rhumbline Advisers now wields 44,300 shares of the technology company’s stock valued at $770,000 after purchasing an extra 7,359 shares in the last quarter. Bank of Fresh York Mellon Corp lifted its holdings in shares of Match Group by 17.8% during the 2nd quarter. Bank of Fresh York Mellon Corp now possesses 284,405 shares of the technology company’s stock valued at $Four,943,000 after purchasing an extra 42,952 shares in the last quarter. Eventually, State Board of Administration of Florida Retirement System lifted its holdings in shares of Match Group by 20.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now wields 101,401 shares of the technology company’s stock valued at $1,762,000 after purchasing an extra 17,004 shares in the last quarter. 20.97% of the stock is presently possessed by hedge funds and other institutional investors.
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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.
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