Shares of Match Group Inc. (NASDAQ:MTCH) have earned a consensus recommendation of “Buy” from the seventeen research firms that are covering the company. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.30.

Several brokerages recently issued reports on MTCH. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 price target on shares of Match Group in a research report on Friday, October 21st. Aegis assumed coverage on shares of Match Group in a research report on Friday. They set a “buy” rating and a $20.00 price target on the stock. Barclays PLC set a $16.00 target price on shares of Match Group and gave the company a “hold” rating in a research report on Thursday, October 13th. Axiom Securities cut their target price on shares of Match Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Match Group in a research report on Monday, August 29th.

In related news, insider Amarnath Thombre sold 44,385 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $16.01, for a total transaction of $710,603.85. Following the completion of the sale, the insider now directly owns 23,452 shares of the company’s stock, valued at approximately $375,466.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 19.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in Match Group by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 14,338 shares of the company’s stock worth $216,000 after buying an additional 65 shares during the last quarter. Teachers Advisors LLC boosted its stake in Match Group by 0.7% in the third quarter. Teachers Advisors LLC now owns 25,883 shares of the company’s stock worth $460,000 after buying an additional 178 shares during the last quarter. California State Teachers Retirement System boosted its stake in Match Group by 0.8% in the third quarter. California State Teachers Retirement System now owns 61,668 shares of the company’s stock worth $1,097,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the company’s stock worth $125,000 after buying an additional 800 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Match Group by 5.2% in the third quarter. BlackRock Advisors LLC now owns 19,667 shares of the company’s stock worth $350,000 after buying an additional 973 shares during the last quarter. 17.34% of the stock is owned by institutional investors and hedge funds.

Match Group (NASDAQ:MTCH) opened at 17.92 on Wednesday. The company has a market capitalization of $4.56 billion and a P/E ratio of 34.80. The stock has a 50 day moving average of $17.74 and a 200-day moving average of $15.87. Match Group has a 52-week low of $8.41 and a 52-week high of $19.74.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $316.40 million for the quarter, compared to the consensus estimate of $317.92 million. Match Group had a net margin of 11.38% and a return on equity of 42.62%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Match Group will post $0.75 earnings per share for the current 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.

5 Day Chart for NASDAQ:MTCH

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