Match Group, Inc. (NASDAQ:MTCH – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $42.07.
A number of research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. UBS Group dropped their price objective on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Stifel Nicolaus lifted their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a report on Monday, August 5th.
Check Out Our Latest Research Report on MTCH
Hedge Funds Weigh In On Match Group
Match Group Price Performance
MTCH opened at $37.21 on Monday. The company has a fifty day moving average price of $33.87 and a 200-day moving average price of $33.30. The firm has a market capitalization of $9.60 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.48. Match Group has a one year low of $27.66 and a one year high of $47.81.
Match Group (NASDAQ:MTCH – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts expect that Match Group will post 1.98 earnings per share for the current year.
About Match Group
Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.
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