Match Group Inc (NASDAQ:MTCH) has been given an average recommendation of “Buy” by the twenty-two research firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $39.41.
Several research firms recently issued reports on MTCH. Zacks Investment Research upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Saturday. Wells Fargo & Co cut shares of Match Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Jefferies Group raised their price objective on shares of Match Group to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Piper Jaffray Companies restated an “overweight” rating and set a $48.00 price objective on shares of Match Group in a research report on Friday, March 2nd. Finally, ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
In other news, Director Gregory R. Blatt sold 456,673 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $18,134,484.83. Following the completion of the transaction, the director now owns 2,504,859 shares of the company’s stock, valued at $99,467,950.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mcdaniel sold 5,676 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 721,437 shares of company stock valued at $28,580,747. Company insiders own 18.10% of the company’s stock.
Shares of Match Group (NASDAQ:MTCH) opened at $45.43 on Wednesday. Match Group has a 12-month low of $15.42 and a 12-month high of $46.00. The stock has a market cap of $12,690.00 and a PE ratio of 29.50. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.40.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 31.33% and a net margin of 26.31%. The firm had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. Match Group’s revenue for the quarter was up 28.5% on a year-over-year basis. analysts predict that Match Group will post 0.98 EPS for the current 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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