Match Group (NASDAQ:MTCH) PT Lowered to $70.00 at Barclays

Match Group (NASDAQ:MTCH) had its price objective reduced by Barclays from $88.00 to $70.00 in a report released on Thursday morning, The Fly reports. They currently have an equal weight rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. Evercore ISI upgraded shares of Match Group from an in-line rating to an outperform rating and set a $95.00 price objective for the company in a report on Friday, September 27th. BMO Capital Markets boosted their price objective on shares of Match Group from $74.00 to $85.00 and gave the stock a market perform rating in a report on Thursday, August 8th. Aegis restated a buy rating and issued a $105.00 price objective on shares of Match Group in a report on Wednesday, September 4th. BidaskClub lowered shares of Match Group from a hold rating to a sell rating in a report on Wednesday. Finally, SunTrust Banks upgraded shares of Match Group from a hold rating to a buy rating and boosted their price objective for the stock from $90.00 to $106.00 in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Match Group currently has an average rating of Buy and an average target price of $87.76.

Shares of NASDAQ MTCH traded down $0.62 during midday trading on Thursday, hitting $69.08. The company’s stock had a trading volume of 3,728,500 shares, compared to its average volume of 2,004,603. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 7.63. Match Group has a one year low of $33.30 and a one year high of $95.32. The firm has a market capitalization of $19.33 billion, a price-to-earnings ratio of 51.94, a P/E/G ratio of 2.33 and a beta of 0.19. The stock has a fifty day moving average price of $73.50 and a 200 day moving average price of $73.58.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. The firm had revenue of $541.50 million during the quarter, compared to analyst estimates of $540.73 million. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. On average, equities research analysts predict that Match Group will post 1.77 earnings per share for the current fiscal year.

In related news, CAO Philip D. Eigenmann sold 7,057 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $84.49, for a total transaction of $596,245.93. Following the completion of the sale, the chief accounting officer now directly owns 13,133 shares in the company, valued at approximately $1,109,607.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jared F. Sine sold 24,641 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total transaction of $2,010,212.78. Following the sale, the insider now owns 39,649 shares of the company’s stock, valued at $3,234,565.42. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

A number of large investors have recently bought and sold shares of MTCH. Coastal Investment Advisors Inc. raised its holdings in Match Group by 57.9% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 409 shares of the technology company’s stock valued at $29,000 after buying an additional 150 shares during the last quarter. Northern Oak Wealth Management Inc. bought a new position in Match Group in the 2nd quarter worth $42,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Match Group by 71.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 600 shares of the technology company’s stock worth $43,000 after purchasing an additional 250 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Match Group in the 3rd quarter worth $60,000. Finally, NEXT Financial Group Inc raised its holdings in Match Group by 850.0% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock worth $64,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 22.85% 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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The Fly

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