ValuEngine upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a research report released on Monday.

A number of other research analysts have also weighed in on MTCH. BidaskClub lowered shares of Match Group from a hold rating to a sell rating in a research report on Wednesday, August 1st. Nomura began coverage on shares of Match Group in a research report on Thursday, October 11th. They set a buy rating and a $66.00 target price for the company. Wells Fargo & Co reissued a hold rating and set a $41.00 target price on shares of Match Group in a research report on Wednesday, August 8th. Deutsche Bank boosted their target price on shares of Match Group from $56.00 to $61.00 and gave the stock a buy rating in a research report on Monday, November 5th. Finally, Aegis cut their target price on shares of Match Group from $65.00 to $62.00 and set a buy rating for the company in a research report on Friday, November 9th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Match Group presently has an average rating of Buy and a consensus price target of $50.94.

NASDAQ:MTCH traded down $0.59 during trading hours on Monday, reaching $39.58. The company’s stock had a trading volume of 36,043 shares, compared to its average volume of 2,509,851. The stock has a market capitalization of $11.34 billion, a PE ratio of 75.79, a P/E/G ratio of 2.57 and a beta of 0.74. Match Group has a one year low of $27.59 and a one year high of $60.95. The company has a current ratio of 1.63, a quick ratio of 1.54 and a debt-to-equity ratio of 1.93.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $438.03 million. Match Group had a net margin of 21.24% and a return on equity of 60.95%. Match Group’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. On average, sell-side analysts forecast that Match Group will post 1.28 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 4th.

In other news, CEO Amanda Ginsberg sold 11,196 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $48.78, for a total transaction of $546,140.88. Following the completion of the transaction, the chief executive officer now owns 19,349 shares of the company’s stock, valued at $943,844.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief financial officer now directly owns 266,010 shares of the company’s stock, valued at approximately $13,186,115.70. The disclosure for this sale can be found here. Insiders have sold 144,150 shares of company stock valued at $7,107,687 in the last ninety days. 7.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Match Group in the second quarter valued at about $111,000. Thompson Siegel & Walmsley LLC bought a new stake in Match Group in the third quarter valued at about $116,000. Commonwealth Bank of Australia increased its stake in Match Group by 155.6% in the third quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock valued at $133,000 after acquiring an additional 1,400 shares during the period. Financial Architects Inc increased its stake in Match Group by 410.3% in the second quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock valued at $141,000 after acquiring an additional 2,934 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in Match Group in the second quarter valued at about $150,000. 22.16% of the stock is owned by institutional investors and hedge funds.

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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