Deutsche Bank AG reiterated their buy rating on shares of Match Group, Inc. (NASDAQ:MTCH) in a research note published on Wednesday morning. The firm currently has a $33.00 target price on the technology company’s stock.
Other analysts have also issued research reports about the company. UBS AG lowered Match Group from an outperform rating to a market perform rating and upped their price objective for the company from $28.00 to $35.00 in a research note on Thursday, November 9th. BMO Capital Markets restated an outperform rating and issued a $30.00 price objective (up previously from $21.00) on shares of Match Group in a research note on Friday, October 13th. CIBC restated a market perform rating on shares of Match Group in a research note on Thursday, November 9th. Cowen and Company restated an outperform rating and issued a $28.00 price objective (up previously from $22.00) on shares of Match Group in a research note on Friday, October 13th. Finally, Jefferies Group LLC restated a buy rating and issued a $28.00 price objective on shares of Match Group in a research note on Saturday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $30.89.
Match Group (NASDAQ:MTCH) traded down $0.24 during trading hours on Wednesday, reaching $29.15. The company’s stock had a trading volume of 1,542,500 shares, compared to its average volume of 1,433,149. 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 company has a market capitalization of $7,840.00 and a price-to-earnings ratio of 49.81. Match Group has a 12-month low of $15.42 and a 12-month high of $32.87.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. Match Group’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. equities research analysts forecast that Match Group will post 0.63 earnings per share for the current fiscal year.
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In related news, General Counsel Jared F. Sine sold 64,436 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Sam Yagan sold 684,583 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the sale, the insider now directly owns 464,963 shares in the company, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. Insiders have sold 847,873 shares of company stock worth $18,233,069 in the last three months. 18.10% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Alps Advisors Inc. grew its position in Match Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock worth $503,000 after buying an additional 75 shares in the last quarter. Suntrust Banks Inc. grew its position in Match Group by 0.9% during the second quarter. Suntrust Banks Inc. now owns 30,490 shares of the technology company’s stock worth $529,000 after buying an additional 263 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after buying an additional 519 shares in the last quarter. Advisor Group Inc. grew its position in Match Group by 6.3% during the second quarter. Advisor Group Inc. now owns 13,699 shares of the technology company’s stock worth $238,000 after buying an additional 814 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Match Group by 17.3% in the 2nd quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock valued at $222,000 after purchasing an additional 1,828 shares in the last quarter. 20.04% of the stock is currently owned by institutional investors and hedge funds.
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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