Match Group (MTCH) Stock Price Up -5.4% Following Analyst Upgrade
Shares of Match Group Inc (NASDAQ:MTCH) rose 5.4% during trading on Thursday after BMO Capital Markets raised their price target on the stock from $35.00 to $42.00. BMO Capital Markets currently has an outperform rating on the stock. Match Group traded as high as $36.84 and last traded at $34.10. Approximately 1,486,157 shares changed hands during trading, a decline of 3% from the average daily volume of 1,530,460 shares. The stock had previously closed at $36.03.
Other analysts have also issued research reports about the stock. Citigroup reaffirmed a “buy” rating and set a $35.00 price target on shares of Match Group in a research report on Thursday, November 9th. Wells Fargo & Co reaffirmed a “buy” rating and set a $29.00 price target (up previously from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Jefferies Group lifted their price target on shares of Match Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Cowen reissued a “buy” rating and issued a $33.00 target price on shares of Match Group in a research report on Friday, November 10th. Finally, Aegis boosted their target price on Match Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.38.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.10% of the stock is owned by insiders.
The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $9,180.00 and a PE ratio of 28.00.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Match Group had a return on equity of 25.34% and a net margin of 26.31%. The company had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue was up 28.5% compared to the same quarter last year. equities analysts forecast that Match Group Inc will post 0.86 EPS for the current year.
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.
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