BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other equities analysts also recently commented on MTCH. Jefferies Financial Group downgraded shares of Match Group from a buy rating to a hold rating and set a $21.00 price objective on the stock. in a report on Wednesday, May 2nd. Evercore ISI reiterated an in-line rating and issued a $34.00 price objective on shares of Match Group in a report on Wednesday, May 2nd. Bank of America decreased their price objective on shares of Match Group from $54.00 to $46.00 and set a buy rating on the stock in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Match Group from a strong-buy rating to a hold rating in a report on Saturday, May 5th. Finally, UBS Group upgraded shares of Match Group from a neutral rating to a buy rating in a report on Thursday, May 10th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $42.82.

NASDAQ:MTCH opened at $49.45 on Tuesday. Match Group has a one year low of $19.04 and a one year high of $52.12. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 52.97, a P/E/G ratio of 3.40 and a beta of 0.03. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.54 and a current ratio of 1.54.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Match Group had a net margin of 32.94% and a return on equity of 53.18%. The firm had revenue of $421.20 million for the quarter, compared to the consensus estimate of $413.07 million. analysts predict that Match Group will post 1.21 earnings per share for the current fiscal year.

In related news, CEO Amanda Ginsberg sold 106,850 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $49.37, for a total value of $5,275,184.50. Following the transaction, the chief executive officer now directly owns 62,682 shares in the company, valued at $3,094,610.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gary Swidler sold 105,611 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the completion of the transaction, the chief financial officer now owns 266,010 shares in the company, valued at $13,186,115.70. The disclosure for this sale can be found here. Insiders sold 251,000 shares of company stock worth $12,382,872 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Match Group by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company’s stock worth $9,584,000 after purchasing an additional 17,958 shares during the period. Cypress Funds LLC bought a new stake in Match Group during the second quarter worth about $6,198,000. Cornerstone Wealth Management LLC bought a new stake in Match Group during the second quarter worth about $915,000. Schwab Charles Investment Management Inc. lifted its position in Match Group by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 193,937 shares of the technology company’s stock worth $8,619,000 after purchasing an additional 9,535 shares during the period. Finally, Hays Advisory LLC bought a new stake in Match Group during the first quarter worth about $2,461,000. Institutional investors and hedge funds own 22.96% of the company’s stock.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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