Match Group (NASDAQ:MTCH) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other equities analysts also recently issued research reports about the stock. Cowen reissued an “outperform” rating and issued a $28.00 price objective (up previously from $22.00) on shares of Match Group in a research note on Friday, October 13th. BMO Capital Markets restated an “outperform” rating and issued a $30.00 price target (up from $21.00) on shares of Match Group in a research report on Friday, October 13th. UBS cut shares of Match Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. Jefferies Group restated a “buy” rating and issued a $28.00 price target on shares of Match Group in a research report on Saturday, September 30th. Finally, CIBC restated a “market perform” rating on shares of Match Group in a research report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Match Group presently has a consensus rating of “Buy” and an average target price of $31.09.

Match Group (NASDAQ:MTCH) opened at $28.60 on Tuesday. The company has a market cap of $7,749.18, a P/E ratio of 48.08, a P/E/G ratio of 3.67 and a beta of 0.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. Match Group has a 52 week low of $15.42 and a 52 week high of $32.87.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. Match Group’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. equities analysts expect that Match Group will post 0.62 earnings per share for the current year.

In related news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 18.10% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in shares of Match Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock valued at $503,000 after buying an additional 75 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Match Group by 0.9% during the second quarter. Suntrust Banks Inc. now owns 30,490 shares of the technology company’s stock valued at $529,000 after purchasing an additional 263 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 519 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Match Group by 6.3% during the second quarter. Advisor Group Inc. now owns 13,699 shares of the technology company’s stock valued at $238,000 after purchasing an additional 814 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Match Group by 17.3% during the second quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock valued at $222,000 after purchasing an additional 1,828 shares in the last quarter. 21.04% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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