Match Group, Inc. (NASDAQ:MTCH) had its price objective increased by Aegis from $29.00 to $32.00 in a research note published on Monday morning, MarketBeat.com reports. Aegis currently has a buy rating on the technology company’s stock.
MTCH has been the topic of a number of other research reports. Bank of America Corporation raised their target price on shares of Match Group from $21.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, October 10th. Jefferies Group LLC restated a buy rating and set a $28.00 target price (up previously from $23.00) on shares of Match Group in a research report on Thursday, August 31st. UBS AG lifted their price target on shares of Match Group from $22.00 to $28.00 and gave the company a buy rating in a report on Wednesday, September 20th. The Goldman Sachs Group, Inc. reiterated a neutral rating and issued a $25.00 price target on shares of Match Group in a report on Wednesday, October 11th. Finally, BMO Capital Markets reiterated a buy rating and issued a $21.00 price target on shares of Match Group in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $30.89.
Shares of Match Group (NASDAQ:MTCH) traded down $0.51 on Monday, hitting $28.64. 1,484,100 shares of the stock were exchanged, compared to its average volume of 1,433,379. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $32.87. The stock has a market cap of $7,920.00 and a PE ratio of 49.41.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $329.19 million. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts expect that Match Group will post 0.63 earnings per share for the current year.
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In other Match Group news, Vice Chairman Sam Yagan sold 684,583 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the completion of the transaction, the insider now directly owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the transaction, the general counsel now directly owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The disclosure for this sale can be found here. Insiders sold a total of 847,873 shares of company stock valued at $18,233,069 over the last ninety days. Company insiders own 18.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in Match Group by 499.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after acquiring an additional 519 shares during the period. Turner Investments LLC acquired a new stake in shares of Match Group in the 3rd quarter worth approximately $162,000. BNP Paribas Arbitrage SA lifted its stake in shares of Match Group by 162.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock worth $163,000 after acquiring an additional 4,359 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Match Group by 40.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,129 shares during the period. 20.04% of the stock is owned by hedge funds and other institutional investors.
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.
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