Match Group Inc. (MTCH) Receives Average Rating of “Hold” from Brokerages
Shares of Match Group Inc. (NASDAQ:MTCH) have earned a consensus rating of “Buy” from the fifteen research firms that are covering the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $16.90.
MTCH has been the subject of a number of research reports. SunTrust Banks Inc. reissued a “buy” rating and set a $18.00 target price (up previously from $15.00) on shares of Match Group in a research note on Friday, July 15th. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, July 15th. Axiom Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Match Group in a research note on Tuesday, July 26th. JPMorgan Chase & Co. raised shares of Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Thursday, July 28th. Finally, Deutsche Bank AG upped their price objective on shares of Match Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, July 28th.
In other news, insider Amarnath Thombre sold 122,802 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $15.38, for a total value of $1,888,694.76. Following the transaction, the insider now directly owns 122,802 shares in the company, valued at approximately $1,888,694.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Dawson sold 227,415 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.56, for a total transaction of $3,538,577.40. Following the completion of the transaction, the chief financial officer now owns 151,514 shares in the company, valued at $2,357,557.84. The disclosure for this sale can be found here. 19.90% of the stock is currently owned by insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/match-group-inc-mtch-receives-average-rating-of-hold-from-brokerages.html
Institutional investors have recently modified their holdings of the company. AHL Partners LLP bought a new position in shares of Match Group during the second quarter valued at approximately $160,000. Invictus RG bought a new position in shares of Match Group during the first quarter valued at approximately $152,000. Pacad Investment Ltd. bought a new position in shares of Match Group during the first quarter valued at approximately $153,000. Parametric Portfolio Associates LLC raised its position in shares of Match Group by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 14,338 shares of the company’s stock valued at $216,000 after buying an additional 65 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Match Group during the second quarter valued at approximately $231,000. Hedge funds and other institutional investors own 15.80% of the company’s stock.
Shares of Match Group (NASDAQ:MTCH) traded up 0.29% during trading on Wednesday, hitting $17.59. 495,612 shares of the stock were exchanged. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $14.61. Match Group has a one year low of $8.41 and a one year high of $18.20. The company has a market cap of $4.43 billion and a price-to-earnings ratio of 37.03.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $301.12 million for the quarter, compared to analysts’ expectations of $295.12 million. Match Group’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts predict that Match Group will post $0.73 EPS for the current year.
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.
Receive News & Ratings for Match Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.