Match Group Inc. (MTCH) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of Match Group Inc. (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report published on Monday morning. They currently have $20.04 price objective on the stock.
MTCH has been the subject of a number of other reports. Deutsche Bank AG reiterated a buy rating and issued a $20.00 target price on shares of Match Group in a report on Friday, October 21st. Aegis assumed coverage on Match Group in a report on Friday. They issued a buy rating and a $20.00 target price for the company. Barclays PLC set a $16.00 target price on Match Group and gave the company a hold rating in a report on Thursday, October 13th. Axiom Securities decreased their target price on Match Group from $21.00 to $20.00 and set a buy rating for the company in a report on Thursday, November 3rd. Finally, Wells Fargo & Co. reiterated a buy rating on shares of Match Group in a report on Monday, August 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Match Group currently has a consensus rating of Buy and an average target price of $17.14.
Shares of Match Group (NASDAQ:MTCH) opened at 17.79 on Monday. Match Group has a 1-year low of $8.41 and a 1-year high of $19.74. The stock has a market cap of $4.53 billion and a P/E ratio of 34.54. The firm’s 50-day moving average price is $17.74 and its 200 day moving average price is $15.96.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm earned $316.40 million during the quarter, compared to analyst estimates of $317.92 million. Match Group had a return on equity of 42.62% and a net margin of 11.38%. Match Group’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts expect that Match Group will post $0.75 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. 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 period. 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 period. 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 period. 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 period. 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 period. Institutional investors own 17.34% 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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