Barclays Lowers Match Group (NASDAQ:MTCH) Price Target to $70.00

Share on StockTwits

Match Group (NASDAQ:MTCH) had its price target lowered by Barclays from $88.00 to $70.00 in a research note published on Thursday, The Fly reports. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other research firms have also recently commented on MTCH. Aegis restated a buy rating and set a $105.00 target price on shares of Match Group in a research note on Wednesday, September 4th. Macquarie restated an outperform rating and set a $92.00 target price (up previously from $74.00) on shares of Match Group in a research note on Thursday, August 8th. ValuEngine cut shares of Match Group from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Bank of America set a $102.00 target price on shares of Match Group and gave the stock a buy rating in a research note on Thursday, September 26th. Finally, Guggenheim restated a hold rating on shares of Match Group in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $87.76.

MTCH stock traded down $0.62 during trading on Thursday, hitting $69.08. 3,728,500 shares of the stock traded hands, compared to its average volume of 2,004,603. Match Group has a 1 year low of $33.30 and a 1 year high of $95.32. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 2.33 and a beta of 0.19. The firm’s 50 day moving average is $73.50 and its two-hundred day moving average is $73.58. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.32 and a quick ratio of 1.32.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 5th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The company had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $540.73 million. During the same quarter last year, the business earned $0.44 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. As a group, analysts anticipate that Match Group will post 1.77 EPS for the current fiscal year.

In other Match Group news, CAO Philip D. Eigenmann sold 7,057 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $84.49, for a total transaction of $596,245.93. Following the completion of the sale, the chief accounting officer now directly owns 13,133 shares of the company’s stock, valued at approximately $1,109,607.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jared F. Sine sold 24,641 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total transaction of $2,010,212.78. Following the sale, the insider now directly owns 39,649 shares of the company’s stock, valued at $3,234,565.42. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of MTCH. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Match Group in the first quarter valued at $4,333,000. Xact Kapitalforvaltning AB grew its holdings in shares of Match Group by 62.2% in the second quarter. Xact Kapitalforvaltning AB now owns 6,883 shares of the technology company’s stock valued at $463,000 after purchasing an additional 2,640 shares in the last quarter. NEXT Financial Group Inc grew its holdings in shares of Match Group by 850.0% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock valued at $64,000 after purchasing an additional 850 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new position in shares of Match Group in the second quarter valued at $348,000. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of Match Group by 79.4% in the second quarter. SeaCrest Wealth Management LLC now owns 3,835 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,697 shares in the last quarter. 22.85% of the stock is owned by hedge funds and other institutional investors.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

Featured Story: What are the disadvantages of after-hours trading?

The Fly

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

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.