Match Group, Inc. (MTCH) Receives Average Rating of “Buy” from Analysts

Match Group, Inc. (NASDAQ:MTCH) has received an average rating of “Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $31.29.

MTCH has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed a “buy” rating and issued a $29.00 price objective (up from $21.00) on shares of Match Group in a research note on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Match Group in a research note on Saturday, September 30th. UBS lifted their price objective on Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 20th. BMO Capital Markets reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Match Group in a research note on Wednesday, September 13th. Finally, Bank of America lifted their price objective on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th.

In related news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 18.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its position in Match Group by 48.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock worth $514,000 after acquiring an additional 7,210 shares in the last quarter. RWC Asset Management LLP acquired a new position in Match Group during the 3rd quarter worth approximately $3,479,000. Janney Montgomery Scott LLC acquired a new position in Match Group during the 3rd quarter worth approximately $226,000. Granahan Investment Management Inc. MA acquired a new position in shares of Match Group in the 3rd quarter valued at approximately $8,016,000. Finally, Crestline Management LP acquired a new position in shares of Match Group in the 3rd quarter valued at approximately $2,429,000. 21.03% of the stock is currently owned by hedge funds and other institutional investors.

Match Group (MTCH) opened at $28.41 on Monday. The firm has a market capitalization of $7,760.11, a PE ratio of 48.15, a PEG ratio of 3.61 and a beta of 0.76. Match Group has a 52 week low of $15.42 and a 52 week high of $32.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. sell-side analysts anticipate that Match Group will post 0.63 earnings per share for the current fiscal year.

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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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