Match Group Inc. (NASDAQ:MTCH)‘s stock had its “buy” rating reiterated by research analysts at SunTrust Banks Inc. in a report issued on Wednesday. They presently have a $20.00 price target on the stock, up from their prior price target of $18.00. SunTrust Banks Inc.’s price objective would indicate a potential upside of 14.03% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Wells Fargo & Co. reissued a “buy” rating on shares of Match Group in a research report on Monday, August 29th. Deutsche Bank AG raised their price target on Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, July 15th. Axiom Securities reissued a “buy” rating and set a $18.00 price target on shares of Match Group in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $20.00 price target on shares of Match Group in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.62.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Shares of Match Group (NASDAQ:MTCH) opened at 17.54 on Wednesday. The company’s 50 day moving average price is $16.51 and its 200-day moving average price is $14.61. The firm has a market cap of $4.42 billion and a P/E ratio of 36.93. Match Group has a 12-month low of $8.41 and a 12-month high of $18.20.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $301.12 million for the quarter, compared to analysts’ expectations of $295.12 million. Match Group’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts anticipate that Match Group will post $0.73 EPS for the current year.

In related news, insider Amarnath Thombre sold 2,632 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $16.76, for a total value of $44,112.32. Following the completion of the sale, the insider now directly owns 2,632 shares of the company’s stock, valued at $44,112.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Dawson sold 227,415 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $15.56, for a total value of $3,538,577.40. Following the completion of the sale, the chief financial officer now directly owns 151,514 shares of the company’s stock, valued at $2,357,557.84. The disclosure for this sale can be found here. 19.90% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Global X Management Co. LLC bought a new position in Match Group during the second quarter valued at approximately $507,000. Osmium Partners LLC bought a new position in Match Group during the first quarter valued at approximately $243,000. Menta Capital LLC bought a new position in Match Group during the first quarter valued at approximately $300,000. First Trust Advisors LP bought a new position in Match Group during the second quarter valued at approximately $1,966,000. Finally, Aperio Group LLC bought a new position in Match Group during the first quarter valued at approximately $507,000. 15.80% of the stock is owned by hedge funds and other institutional investors.

About Match Group

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.

5 Day Chart for NASDAQ:MTCH

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