Match Group, Inc. (MTCH) Price Target Raised to $35.00 at BMO Capital Markets
Match Group, Inc. (NASDAQ:MTCH) had its target price boosted by BMO Capital Markets from $30.00 to $35.00 in a report released on Thursday morning. BMO Capital Markets currently has an outperform rating on the technology company’s stock.
Other analysts have also issued reports about the company. Bank of America Corporation raised their price objective on Match Group from $21.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, October 10th. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 price objective (up from $23.00) on shares of Match Group in a research note on Thursday, August 31st. BidaskClub raised Match Group from a sell rating to a hold rating in a research note on Thursday, July 13th. UBS AG increased their target price on Match Group from $22.00 to $28.00 and gave the company a buy rating in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $25.00 target price on shares of Match Group in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $30.03.
Match Group (NASDAQ:MTCH) traded down $0.10 during mid-day trading on Thursday, reaching $28.46. The company’s stock had a trading volume of 2,676,700 shares, compared to its average volume of 1,935,377. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.83. The company has a market cap of $7,462.55, a PE ratio of 48.24, a price-to-earnings-growth ratio of 3.57 and a beta of 0.68. Match Group has a 1 year low of $15.42 and a 1 year high of $32.87.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. Match Group had a return on equity of 30.58% and a net margin of 34.06%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. equities research analysts expect that Match Group will post 0.63 earnings per share for the current fiscal year.
In other Match Group news, Vice Chairman Sam Yagan sold 54,625 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $19.31, for a total value of $1,054,808.75. Following the completion of the sale, the insider now owns 98,854 shares of the company’s stock, valued at $1,908,870.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the sale, the general counsel now directly owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. Insiders sold 902,498 shares of company stock valued at $19,287,878 in the last three months. Insiders own 18.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MTCH. Cubist Systematic Strategies LLC grew its stake in Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after acquiring an additional 5,333 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the last quarter. Turner Investments LLC purchased a new position in shares of Match Group during the third quarter valued at approximately $162,000. BNP Paribas Arbitrage SA boosted its position in shares of Match Group by 162.9% during the third quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after buying an additional 4,359 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Match Group during the second quarter valued at approximately $176,000. 19.95% of the stock is owned by hedge funds and other institutional investors.
Match Group Company Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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.