Match Group Inc. (MTCH) Receives Average Rating of “Hold” from Brokerages
Match Group Inc. (NASDAQ:MTCH) has been given an average rating of “Buy” by the fifteen ratings firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.90.
MTCH has been the topic of several research analyst reports. SunTrust Banks Inc. reissued a “buy” rating and set a $20.00 price target (up from $18.00) on shares of Match Group in a report on Wednesday. Axiom Securities reissued a “buy” rating on shares of Match Group in a report on Monday, August 22nd. JPMorgan Chase & Co. raised Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Thursday, July 28th. Zacks Investment Research cut Match Group from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Finally, Deutsche Bank AG increased their price target on Match Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, July 28th.
In other Match Group news, Vice Chairman Sam Yagan sold 1,505,985 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $16.50, for a total value of $24,848,752.50. Following the completion of the sale, the insider now owns 143,372 shares in the company, valued at approximately $2,365,638. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amarnath Thombre sold 122,802 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $15.38, for a total value of $1,888,694.76. Following the completion of the sale, the insider now owns 122,802 shares of the company’s stock, valued at approximately $1,888,694.76. The disclosure for this sale can be found here. 19.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Monashee Investment Management LLC acquired a new stake in shares of Match Group during the second quarter worth about $807,000. Bank of New York Mellon Corp increased its position in Match Group by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 131,074 shares of the company’s stock valued at $1,977,000 after buying an additional 13,841 shares during the period. Osmium Partners LLC bought a new position in Match Group during the first quarter valued at approximately $243,000. Ulysses Management LLC increased its position in Match Group by 21.6% in the first quarter. Ulysses Management LLC now owns 913,500 shares of the company’s stock valued at $10,103,000 after buying an additional 162,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in Match Group during the first quarter valued at approximately $492,000. Institutional investors and hedge funds own 15.80% of the company’s stock.
Match Group (NASDAQ:MTCH) traded up 0.29% during midday trading on Wednesday, reaching $17.59. The company had a trading volume of 495,612 shares. Match Group has a 52 week low of $8.41 and a 52 week high of $18.20. The company has a market capitalization of $4.43 billion and a price-to-earnings ratio of 37.03. The firm has a 50-day moving average price of $16.51 and a 200-day moving average price of $14.61.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business earned $301.12 million during the quarter, compared to the consensus estimate of $295.12 million. The firm’s revenue was up 21.0% on a year-over-year basis. Analysts expect that Match Group will post $0.73 EPS for the current fiscal year.
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.
Receive News & Stock Ratings for Match Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group Inc. and related stocks with our FREE daily email newsletter.