Match Group Inc. (MTCH) Price Target Raised to $21.00 at Axiom Securities
Other analysts have also recently issued research reports about the company. Wells Fargo & Co. reiterated a buy rating on shares of Match Group in a report on Monday, August 29th. Deutsche Bank AG boosted their target price on Match Group from $18.00 to $20.00 and gave the stock a buy rating in a report on Thursday, July 28th. Zacks Investment Research upgraded Match Group from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Friday, July 15th. SunTrust Banks Inc. reiterated a buy rating and set a $18.00 target price (up previously from $15.00) on shares of Match Group in a report on Friday, July 15th. Finally, JPMorgan Chase & Co. reiterated a buy rating and set a $20.00 target price on shares of Match Group in a report on Tuesday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $16.46.
Shares of Match Group (NASDAQ:MTCH) traded down 0.84% during midday trading on Friday, reaching $17.64. 152,995 shares of the company were exchanged. Match Group has a 52 week low of $8.41 and a 52 week high of $18.20. The firm has a 50-day moving average of $16.12 and a 200 day moving average of $14.26. The firm has a market capitalization of $4.44 billion and a P/E ratio of 37.14.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. On average, equities research analysts expect that Match Group will post $0.73 EPS for the current year.
In other news, CFO Jeffrey Dawson sold 227,415 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.56, for a total transaction of $3,538,577.40. Following the completion of the transaction, the chief financial officer now directly owns 151,514 shares in the company, valued at approximately $2,357,557.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Amarnath Thombre sold 2,632 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $16.76, for a total value of $44,112.32. Following the transaction, the insider now owns 2,632 shares of the company’s stock, valued at $44,112.32. The disclosure for this sale can be found here. Insiders own 19.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MTCH. Schwab Charles Investment Management Inc. boosted its position in Match Group by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,045 shares of the company’s stock valued at $860,000 after buying an additional 1,890 shares during the period. AHL Partners LLP purchased a new stake in Match Group during the second quarter valued at about $160,000. Panagora Asset Management Inc. raised its stake in Match Group by 6.8% in the second quarter. Panagora Asset Management Inc. now owns 323,387 shares of the company’s stock valued at $4,875,000 after buying an additional 20,465 shares in the last quarter. Capital World Investors raised its stake in Match Group by 8.0% in the second quarter. Capital World Investors now owns 1,350,227 shares of the company’s stock valued at $20,355,000 after buying an additional 100,227 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its stake in Match Group by 13.3% in the second quarter. A.R.T. Advisors LLC now owns 42,027 shares of the company’s stock valued at $633,000 after buying an additional 4,927 shares in the last quarter. Institutional investors own 15.80% of the company’s stock.
Match Group Company Profile
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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