Match Group (MTCH) Lowered to “Neutral” at Guggenheim

Guggenheim cut shares of Match Group (NASDAQ:MTCH) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat reports.

Several other research firms also recently weighed in on MTCH. UBS downgraded Match Group from a buy rating to a neutral rating and reduced their target price for the company from $46.79 to $35.00 in a report on Thursday, March 15th. Zacks Investment Research raised Match Group from a hold rating to a buy rating and set a $50.00 target price for the company in a report on Saturday, March 10th. Wells Fargo downgraded Match Group from an outperform rating to a market perform rating in a report on Friday, March 9th. Jefferies Group boosted their target price on Match Group to $50.00 and gave the company a buy rating in a report on Wednesday, March 7th. Finally, JPMorgan Chase & Co. downgraded Match Group from an overweight rating to a neutral rating and set a $42.00 target price for the company. in a report on Wednesday, February 21st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Match Group has a consensus rating of Buy and an average target price of $39.32.

How to Become a New Pot Stock Millionaire

Shares of MTCH stock opened at $44.54 on Wednesday. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $46.95. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $12,125.39, a PE ratio of 73.67, a PEG ratio of 3.41 and a beta of 0.45.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The firm had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 28.5% on a year-over-year basis. analysts anticipate that Match Group will post 1.04 earnings per share for the current fiscal year.

In other Match Group news, President Sharmistha Dubey sold 141,149 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $37.99, for a total transaction of $5,362,250.51. Following the completion of the sale, the president now directly owns 78,650 shares of the company’s stock, valued at approximately $2,987,913.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory R. Blatt sold 456,673 shares of the company’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 sale, the director now directly owns 2,504,859 shares of the company’s stock, valued at $99,467,950.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 721,437 shares of company stock valued at $28,580,747. 18.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. acquired a new position in Match Group during the 4th quarter worth approximately $313,000. J. Goldman & Co LP increased its position in Match Group by 79.5% during the 4th quarter. J. Goldman & Co LP now owns 60,896 shares of the technology company’s stock worth $1,907,000 after purchasing an additional 26,964 shares during the period. Sterling Capital Management LLC acquired a new position in Match Group during the 4th quarter worth approximately $1,725,000. Macquarie Group Ltd. increased its position in Match Group by 356.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock worth $49,494,000 after purchasing an additional 1,234,092 shares during the period. Finally, LPL Financial LLC increased its position in Match Group by 18.0% during the 4th quarter. LPL Financial LLC now owns 27,113 shares of the technology company’s stock worth $849,000 after purchasing an additional 4,133 shares during the period. Institutional investors own 21.85% of the company’s stock.

WARNING: “Match Group (MTCH) Lowered to “Neutral” at Guggenheim” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3296756/match-group-mtch-lowered-to-neutral-at-guggenheim.html.

About Match Group

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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Zacks: Brokerages Expect Spark Therapeutics  Will Announce Quarterly Sales of $53.82 Million
Zacks: Brokerages Expect Spark Therapeutics Will Announce Quarterly Sales of $53.82 Million
USDe  Price Hits $0.0002 on Exchanges
USDe Price Hits $0.0002 on Exchanges
DigiPulse  Reaches 24 Hour Trading Volume of $211,967.00
DigiPulse Reaches 24 Hour Trading Volume of $211,967.00
1337 Price Reaches $0.0005
1337 Price Reaches $0.0005
Nicolet Bankshares  Receives $61.25 Average Target Price from Analysts
Nicolet Bankshares Receives $61.25 Average Target Price from Analysts
Marinus Pharmaceuticals, Inc.  Receives $18.75 Average Target Price from Analysts
Marinus Pharmaceuticals, Inc. Receives $18.75 Average Target Price from Analysts


© 2006-2018 Ticker Report. Google+.