BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report published on Monday morning.
MTCH has been the topic of several other research reports. Bank of America raised their target price on shares of Match Group from $21.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, October 10th. Jefferies Group restated a buy rating and issued a $28.00 target price (up previously from $23.00) on shares of Match Group in a report on Thursday, August 31st. Aegis raised their target price on shares of Match Group from $29.00 to $32.00 and gave the stock a buy rating in a report on Monday, November 13th. UBS Group raised their target price on shares of Match Group from $22.00 to $28.00 and gave the stock a buy rating in a report on Wednesday, September 20th. Ultimately, Goldman Sachs Group restated a neutral rating and issued a $25.00 target price on shares of Match Group in a report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Match Group presently has an average rating of Buy and a consensus target price of $31.09.
Match Group (NASDAQ:MTCH) opened at $31.91 on Monday. Match Group has a 52-week low of $15.42 and a 52-week high of $32.87. The company has a debt-to-equity ratio of Two.40, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $8,716.12, a P/E ratio of 54.08, a price-to-earnings-growth ratio of Four.13 and a beta of 0.77.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.Nineteen earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a comeback on equity of 31.18% and a net margin of 34.06%. The hard had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.Nineteen million. During the same quarter in the prior year, the business posted $0.23 EPS. The rigid’s revenue for the quarter was up Nineteen.4% on a year-over-year basis. equities research analysts predict that Match Group will post 0.62 EPS for the current fiscal year.
In related news, Director Ann Mcdaniel sold 11,119 shares of the rigid’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a document filed with the Securities &, Exchange Commission, which is available at this hyperlink. Company insiders own Legal.10% of the company’s stock.
Hedge funds have recently made switches to their positions in the stock. GSA Capital Fucking partners LLP lifted its position in Match Group by 48.3% during the third quarter. GSA Capital Fucking partners LLP now wields 22,147 shares of the technology company’s stock valued at $514,000 after buying an extra 7,210 shares during the period. RWC Asset Management LLP purchased a fresh position in Match Group during the third quarter valued at $Trio,479,000. Janney Montgomery Scott LLC purchased a fresh position in Match Group during the third quarter valued at $226,000. Granahan Investment Management Inc. MA purchased a fresh position in Match Group during the third quarter valued at $8,016,000. Eventually, Crestline Management LP purchased a fresh position in Match Group during the third quarter valued at $Two,429,000. 20.97% of the stock is wielded by institutional investors.
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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