SunTrust Banks Boosts Match Group (MTCH) Price Target to $54.00

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Match Group (NASDAQ:MTCH) had its target price upped by SunTrust Banks to $54.00 in a research report report published on Monday morning, The Fly reports. They currently have a hold rating on the technology company’s stock.

Several other equities research analysts have also recently commented on the company. Aegis cut their target price on Match Group from $65.00 to $62.00 and set a buy rating on the stock in a research note on Friday, November 9th. ValuEngine raised Match Group from a hold rating to a buy rating in a report on Monday, November 12th. Macquarie initiated coverage on Match Group in a research report on Wednesday, November 28th. They set an outperform rating for the company. Deutsche Bank upped their target price on Match Group from $56.00 to $61.00 and gave the company a buy rating in a research report on Monday, November 5th. Finally, Zacks Investment Research upgraded Match Group from a hold rating to a buy rating and set a $52.00 target price for the company in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $52.26.

NASDAQ MTCH opened at $57.73 on Monday. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 2.42 and a beta of 0.59. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93. Match Group has a 52 week low of $33.30 and a 52 week high of $60.95.

Match Group (NASDAQ:MTCH) last released its earnings results on Wednesday, February 6th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $448.38 million. Match Group had a return on equity of 66.86% and a net margin of 27.48%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, equities analysts expect that Match Group will post 1.52 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in Match Group by 29.3% in the fourth quarter. Advisor Group Inc. now owns 33,455 shares of the technology company’s stock valued at $1,430,000 after acquiring an additional 7,584 shares during the period. Complex Capital Management LLC acquired a new stake in Match Group in the fourth quarter valued at approximately $2,139,000. Private Advisor Group LLC grew its stake in Match Group by 4.5% in the fourth quarter. Private Advisor Group LLC now owns 25,328 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 1,086 shares during the period. Ffcm LLC grew its stake in Match Group by 38.1% in the fourth quarter. Ffcm LLC now owns 32,964 shares of the technology company’s stock valued at $1,410,000 after acquiring an additional 9,092 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Match Group by 28.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,970 shares of the technology company’s stock valued at $12,017,000 after acquiring an additional 62,448 shares during the period. Institutional investors and hedge funds own 23.27% of the company’s stock.

About Match Group

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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