Match Group (NASDAQ:MTCH)‘s stock had its “hold” rating reissued by equities research analysts at Wells Fargo & Co in a note issued to investors on Thursday.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group increased their price target on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Aegis increased their price target on Match Group from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. Nomura started coverage on Match Group in a research report on Thursday, October 11th. They issued a “buy” rating and a $66.00 price target on the stock. UBS Group increased their price target on Match Group from $52.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, BidaskClub raised Match Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Match Group has a consensus rating of “Buy” and an average price target of $49.82.

MTCH opened at $42.71 on Thursday. Match Group has a 12-month low of $27.59 and a 12-month high of $60.95. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.18. The stock has a market cap of $11.83 billion, a P/E ratio of 35.90, a PEG ratio of 2.76 and a beta of 0.74.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Match Group had a return on equity of 64.07% and a net margin of 21.24%. The firm had revenue of $444.00 million for the quarter, compared to analyst estimates of $438.03 million. During the same quarter in the prior year, the company earned $0.19 EPS. Match Group’s revenue was up 29.4% on a year-over-year basis. Equities analysts forecast that Match Group will post 1.26 earnings per share for the current year.

In other news, CEO Amanda Ginsberg sold 106,850 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the sale, the chief executive officer now owns 62,682 shares of the company’s stock, valued at approximately $3,094,610.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jared F. Sine sold 27,343 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.51, for a total value of $1,326,408.93. Following the sale, the general counsel now directly owns 65,022 shares in the company, valued at approximately $3,154,217.22. The disclosure for this sale can be found here. Insiders have sold a total of 251,000 shares of company stock worth $12,382,872 in the last three months. Corporate insiders own 7.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Match Group by 64.9% during the 2nd quarter. BlackRock Inc. now owns 2,951,821 shares of the technology company’s stock worth $114,354,000 after acquiring an additional 1,162,124 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Match Group by 50.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,010,634 shares of the technology company’s stock worth $116,436,000 after acquiring an additional 669,868 shares in the last quarter. FMR LLC raised its position in shares of Match Group by 33.0% during the 3rd quarter. FMR LLC now owns 1,800,357 shares of the technology company’s stock worth $104,258,000 after acquiring an additional 447,057 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Match Group by 27.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,630,702 shares of the technology company’s stock worth $63,173,000 after acquiring an additional 355,723 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Match Group by 15.2% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,507,314 shares of the technology company’s stock worth $87,288,000 after acquiring an additional 198,640 shares in the last quarter. 21.68% of the stock is currently owned by institutional investors and hedge funds.

About Match Group

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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