Match Group, Inc. (MTCH) Receives Consensus Rating of “Buy” from Brokerages
Match Group, Inc. (NASDAQ:MTCH) has earned a consensus rating of “Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.54.
MTCH has been the topic of several research reports. Aegis reissued a “buy” rating on shares of Match Group in a research note on Wednesday, March 15th. Citigroup Inc. initiated coverage on shares of Match Group in a research note on Monday, March 27th. They issued a “buy” rating and a $22.00 price target on the stock. Piper Jaffray Companies initiated coverage on shares of Match Group in a research note on Tuesday, April 4th. They issued an “overweight” rating and a $21.00 price target on the stock. Jefferies Group LLC initiated coverage on shares of Match Group in a research note on Tuesday, April 18th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Cowen and Company reissued an “outperform” rating and issued a $22.00 price target on shares of Match Group in a research note on Monday, April 24th.
Shares of Match Group (NASDAQ:MTCH) opened at 17.45 on Friday. Match Group has a 12-month low of $14.28 and a 12-month high of $20.75. The company has a market capitalization of $4.51 billion, a P/E ratio of 26.12 and a beta of 0.62. The stock has a 50 day moving average of $18.63 and a 200-day moving average of $17.72.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $298.76 million for the quarter, compared to analysts’ expectations of $314.94 million. Match Group had a net margin of 14.91% and a return on equity of 39.71%. Equities research analysts forecast that Match Group will post $0.88 EPS for the current year.
In other Match Group news, insider Amarnath Thombre sold 116,126 shares of Match Group stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $19.63, for a total transaction of $2,279,553.38. Following the completion of the sale, the insider now directly owns 50,000 shares in the company, valued at $981,500. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.10% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. bought a new stake in shares of Match Group during the first quarter worth $181,000. Morse Asset Management Inc bought a new stake in shares of Match Group during the first quarter worth $516,000. Swiss National Bank boosted its stake in shares of Match Group by 7.1% in the first quarter. Swiss National Bank now owns 73,600 shares of the technology company’s stock worth $1,202,000 after buying an additional 4,900 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Match Group by 18.3% in the first quarter. Suntrust Banks Inc. now owns 30,227 shares of the technology company’s stock worth $493,000 after buying an additional 4,683 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Match Group by 290.4% in the first quarter. First Trust Advisors LP now owns 588,776 shares of the technology company’s stock worth $9,615,000 after buying an additional 437,976 shares in the last quarter. Institutional investors and hedge funds own 20.85% of the company’s stock.
Match Group Company Profile
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.
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.