BidaskClub lowered shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a research note released on Friday, BidAskClub reports.

A number of other research analysts also recently commented on MTCH. ValuEngine downgraded Match Group from a strong-buy rating to a buy rating in a research report on Friday, April 5th. Zacks Investment Research upgraded Match Group from a sell rating to a hold rating in a research report on Wednesday, April 10th. Goldman Sachs Group upgraded Match Group from a sell rating to a neutral rating and increased their target price for the company from $48.00 to $66.00 in a research report on Thursday, May 9th. Barclays increased their target price on Match Group from $56.00 to $66.00 and gave the company an equal weight rating in a research report on Thursday, May 9th. Finally, SunTrust Banks increased their target price on Match Group to $62.00 and gave the company a hold rating in a research report on Thursday, May 9th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Match Group currently has an average rating of Buy and a consensus target price of $63.26.

NASDAQ MTCH opened at $66.79 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 11.10. The company has a market cap of $18.78 billion, a PE ratio of 50.22, a PEG ratio of 2.48 and a beta of 0.37. Match Group has a one year low of $33.30 and a one year high of $75.28.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.17. The firm had revenue of $464.60 million during the quarter, compared to the consensus estimate of $463.69 million. Match Group had a return on equity of 120.25% and a net margin of 27.90%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, sell-side analysts expect that Match Group will post 1.78 EPS for the current year.

In related news, insider Philip D. Eigenmann sold 4,328 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $70.87, for a total value of $306,725.36. Following the completion of the sale, the insider now directly owns 10,506 shares in the company, valued at $744,560.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amanda Ginsberg sold 119,879 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $69.05, for a total value of $8,277,644.95. Following the completion of the sale, the chief executive officer now owns 211,784 shares of the company’s stock, valued at $14,623,685.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,607 shares of company stock valued at $9,034,034. 7.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. PRW Wealth Management LLC bought a new stake in Match Group in the fourth quarter worth $43,000. Neuburgh Advisers LLC purchased a new stake in Match Group in the fourth quarter worth $82,000. Captrust Financial Advisors increased its stake in Match Group by 18.1% in the fourth quarter. Captrust Financial Advisors now owns 2,235 shares of the technology company’s stock worth $96,000 after purchasing an additional 343 shares during the period. Cornerstone Advisors Inc. increased its stake in Match Group by 32.5% in the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock worth $100,000 after purchasing an additional 435 shares during the period. Finally, Stephens Inc. AR increased its stake in Match Group by 3,829.8% in the first quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 22.17% of the company’s stock.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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