Match Group Inc. (NASDAQ:MTCH) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage presently has a $20.04 target price on the stock. Vetr‘s target price suggests a potential upside of 10.35% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. Aegis assumed coverage on shares of Match Group in a report on Friday, November 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Bank of America Corp. restated a “buy” rating on shares of Match Group in a report on Thursday, November 3rd. Numis Securities Ltd restated a “buy” rating on shares of Match Group in a report on Thursday, November 3rd. Axiom Securities cut their price objective on shares of Match Group from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $20.00 price objective on shares of Match Group in a report on Friday, October 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.15.
Shares of Match Group (NASDAQ:MTCH) traded down 1.20% during midday trading on Monday, reaching $18.16. 771,725 shares of the company’s stock were exchanged. The stock has a market cap of $4.62 billion and a price-to-earnings ratio of 35.26. The firm has a 50 day moving average of $17.71 and a 200-day moving average of $16.31. Match Group has a one year low of $8.41 and a one year high of $19.74.
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Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $317.92 million. Match Group had a net margin of 11.38% and a return on equity of 42.62%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts anticipate that Match Group will post $0.75 earnings per share for the current year.
In related news, Vice Chairman Sam Yagan sold 149,427 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $17.98, for a total value of $2,686,697.46. Following the sale, the insider now owns 25,722 shares in the company, valued at $462,481.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTCH. PNC Financial Services Group Inc. increased its position in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the company’s stock valued at $125,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Match Group during the third quarter valued at $128,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Match Group during the third quarter valued at $145,000. AHL Partners LLP acquired a new position in Match Group during the second quarter valued at $160,000. Finally, Quadrature Capital Ltd acquired a new position in Match Group during the third quarter valued at $205,000. Institutional investors and hedge funds own 16.88% 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.