Barclays PLC Analysts Give Match Group Inc. (MTCH) a $16.00 Price Target
Match Group Inc. (NASDAQ:MTCH) has been assigned a $16.00 price target by equities researchers at Barclays PLC in a report released on Thursday. The firm presently has a a “hold” rating on the stock. Barclays PLC’s target price would suggest a potential downside of 9.81% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Axiom Securities reiterated a “buy” rating and issued a $18.00 target price on shares of Match Group in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Friday, July 15th. SunTrust Banks Inc. restated a “buy” rating and set a $18.00 price target (up from $15.00) on shares of Match Group in a report on Friday, July 15th. Deutsche Bank AG raised their price target on shares of Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $20.00 price target on shares of Match Group in a report on Tuesday, September 27th. 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. Match Group presently has a consensus rating of “Hold” and a consensus target price of $16.77.
Match Group (NASDAQ:MTCH) traded up 0.45% during midday trading on Thursday, reaching $17.74. 580,676 shares of the company were exchanged. The firm has a market cap of $4.47 billion and a P/E ratio of 37.35. Match Group has a one year low of $8.41 and a one year high of $18.20. The firm’s 50-day moving average is $16.56 and its 200-day moving average is $14.63.
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Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm earned $301.12 million during the quarter, compared to analyst estimates of $295.12 million. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Match Group will post $0.73 EPS for the current fiscal year.
In other news, Vice Chairman Sam Yagan sold 1,505,985 shares of Match Group stock in a transaction that occurred on Wednesday, August 10th. The shares were 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 $2,365,638. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Amarnath Thombre sold 44,385 shares of Match Group stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $16.01, for a total transaction of $710,603.85. Following the completion of the transaction, the insider now directly owns 23,452 shares in the company, valued at approximately $375,466.52. The disclosure for this sale can be found here. 19.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in Match Group by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,045 shares of the company’s stock worth $860,000 after buying an additional 1,890 shares in the last quarter. AHL Partners LLP purchased a new position in Match Group during the second quarter worth approximately $160,000. Panagora Asset Management Inc. raised its position in Match Group by 6.8% in the second quarter. Panagora Asset Management Inc. now owns 323,387 shares of the company’s stock worth $4,875,000 after buying an additional 20,465 shares in the last quarter. Capital World Investors raised its position in Match Group by 8.0% in the second quarter. Capital World Investors now owns 1,350,227 shares of the company’s stock worth $20,355,000 after buying an additional 100,227 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its position in Match Group by 13.3% in the second quarter. A.R.T. Advisors LLC now owns 42,027 shares of the company’s stock worth $633,000 after buying an additional 4,927 shares in the last quarter. 15.80% of the stock is currently owned by institutional investors.
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.
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