Match Group Inc. (NASDAQ:MTCH) received a $16.00 price objective from analysts at Barclays PLC in a research note issued on Thursday. The brokerage currently has a a “hold” rating on the stock. Barclays PLC’s price objective indicates a potential downside of 10.51% from the stock’s current price.
MTCH has been the subject of a number of other reports. Wells Fargo & Co. reiterated a “buy” rating on shares of Match Group in a report on Monday, August 29th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $20.00 price target on shares of Match Group in a research note on Tuesday, September 27th. Axiom Securities reissued a “buy” rating on shares of Match Group in a research note on Monday, August 22nd. SunTrust Banks Inc. reissued a “buy” rating and issued a $20.00 price target (up from $18.00) on shares of Match Group in a research note on Wednesday, October 12th. Finally, Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.77.
Match Group (NASDAQ:MTCH) opened at 17.88 on Thursday. Match Group has a 52 week low of $8.41 and a 52 week high of $18.21. The stock has a 50 day moving average price of $16.69 and a 200-day moving average price of $14.70. The stock has a market cap of $4.50 billion and a P/E ratio of 37.64.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $301.12 million for the quarter, compared to analysts’ expectations of $295.12 million. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities analysts anticipate that Match Group will post $0.73 EPS for the current fiscal year.
In related news, insider Amarnath Thombre sold 44,385 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $16.01, for a total value of $710,603.85. Following the sale, the insider now owns 23,452 shares in the company, valued at $375,466.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Sam Yagan sold 1,505,985 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $16.50, for a total transaction of $24,848,752.50. Following the completion of the sale, the insider now owns 143,372 shares in the company, valued at approximately $2,365,638. The disclosure for this sale can be found here. Insiders own 19.90% of the company’s stock.
Large investors have recently modified their holdings of the company. AHL Partners LLP bought a new stake in shares of Match Group during the second quarter valued at about $160,000. Invictus RG bought a new stake in shares of Match Group during the first quarter valued at about $152,000. Pacad Investment Ltd. bought a new stake in shares of Match Group during the first quarter valued at about $153,000. Parametric Portfolio Associates LLC boosted its stake in shares of Match Group by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 14,338 shares of the company’s stock valued at $216,000 after buying an additional 65 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Match Group during the second quarter valued at about $231,000. Institutional investors own 15.80% of the company’s stock.
Match Group Company Profile
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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