Barclays PLC Boosts Match Group Inc. (MTCH) Price Target to $16.00
Match Group Inc. (NASDAQ:MTCH) had its price objective lifted by stock analysts at Barclays PLC from $15.00 to $16.00 in a research note issued on Thursday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s target price points to a potential downside of 9.40% from the company’s previous close.
A number of other research firms also recently weighed in on MTCH. Axiom Securities increased their price target on Match Group from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 30th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $20.00 price target on shares of Match Group in a research note on Tuesday, September 27th. SunTrust Banks Inc. reissued a “buy” rating and issued a $20.00 price target (up previously from $18.00) on shares of Match Group in a research note on Wednesday. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, July 15th. Finally, Deutsche Bank AG increased their price target on Match Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.77.
Shares of Match Group (NASDAQ:MTCH) traded down 0.11% on Thursday, hitting $17.64. The stock had a trading volume of 329,733 shares. The company has a market capitalization of $4.44 billion and a P/E ratio of 37.14. The firm has a 50 day moving average price of $16.56 and a 200 day moving average price of $14.63. Match Group has a one year low of $8.41 and a one year high of $18.20.
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Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities research analysts predict that Match Group will post $0.73 earnings per share for the current fiscal year.
In other Match Group news, insider Amarnath Thombre sold 2,632 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $16.76, for a total transaction of $44,112.32. Following the completion of the transaction, the insider now owns 2,632 shares in the company, valued at approximately $44,112.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Sam Yagan sold 1,505,985 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $16.50, for a total value of $24,848,752.50. Following the transaction, the insider now owns 143,372 shares of the company’s stock, valued at approximately $2,365,638. The disclosure for this sale can be found here. Company insiders own 19.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC purchased a new position in Match Group during the second quarter worth about $507,000. Osmium Partners LLC purchased a new position in Match Group during the first quarter worth about $243,000. Menta Capital LLC purchased a new position in Match Group during the first quarter worth about $300,000. First Trust Advisors LP purchased a new position in Match Group during the second quarter worth about $1,966,000. Finally, Aperio Group LLC purchased a new position in Match Group during the first quarter worth about $507,000. Hedge funds and other institutional investors own 15.80% of the company’s stock.
About Match Group
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.
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