Match Group (MTCH) Stock Rating Lowered by Vetr

Vetr cut shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a research report report published on Monday. Vetr currently has $35.61 price target on the technology company’s stock.

Several other research analysts also recently issued reports on MTCH. Jefferies Group reaffirmed a buy rating and set a $28.00 price target on shares of Match Group in a research note on Saturday, September 30th. BMO Capital Markets lifted their price target on Match Group from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed an overweight rating and set a $33.00 price target (up previously from $28.00) on shares of Match Group in a research note on Wednesday, November 8th. Wells Fargo & Co reaffirmed an outperform rating and set a $38.00 price target (up previously from $33.00) on shares of Match Group in a research note on Monday. Finally, CIBC reaffirmed a market perform rating on shares of Match Group in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $32.77.

Match Group (MTCH) traded up $0.36 during trading on Monday, reaching $32.30. The company’s stock had a trading volume of 713,900 shares, compared to its average volume of 1,256,458. Match Group has a 12 month low of $15.42 and a 12 month high of $33.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $8,820.00 and a P/E ratio of 21.53.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The business had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. During the same period last year, the business posted $0.23 EPS. Match Group’s revenue was up 19.4% compared to the same quarter last year. equities analysts anticipate that Match Group will post 0.62 EPS for the current fiscal year.

In related news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its holdings in Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after buying an additional 5,333 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the period. Turner Investments LLC purchased a new stake in Match Group in the 3rd quarter valued at about $162,000. BNP Paribas Arbitrage SA grew its holdings in Match Group by 162.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after buying an additional 4,359 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Match Group by 40.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock valued at $172,000 after buying an additional 2,129 shares during the period. Hedge funds and other institutional investors own 20.97% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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