Match Group, Inc. (NASDAQ:MTCH)‘s stock had its “overweight” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research report issued on Wednesday. They currently have a $28.00 price objective on the technology company’s stock, up from their previous price objective of $25.00. Piper Jaffray Companies’ price objective points to a potential upside of 11.11% from the company’s previous close.

A number of other research firms have also commented on MTCH. Jefferies Group LLC lifted their price objective on shares of Match Group from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Match Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Vetr downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 target price for the company. in a research note on Monday, June 19th. BidaskClub lowered Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, UBS AG raised their price target on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.79.

Match Group (NASDAQ:MTCH) traded up 1.82% during mid-day trading on Wednesday, reaching $25.20. The company had a trading volume of 2,844,173 shares. The firm’s 50 day moving average price is $21.90 and its 200-day moving average price is $19.10. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 35.85 and a beta of 0.56. Match Group has a 12 month low of $15.08 and a 12 month high of $25.51.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $309.57 million during the quarter, compared to analysts’ expectations of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Equities research analysts anticipate that Match Group will post $0.79 earnings per share for the current year.

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In other Match Group news, Vice Chairman Sam Yagan sold 54,625 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $19.31, for a total value of $1,054,808.75. Following the completion of the sale, the insider now owns 98,854 shares of the company’s stock, valued at $1,908,870.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the sale, the general counsel now directly owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. Insiders sold a total of 902,498 shares of company stock worth $19,287,878 in the last ninety days. 18.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MTCH. Vanguard Group Inc. grew its stake in shares of Match Group by 34.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after purchasing an additional 1,617,950 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Match Group by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,377,345 shares of the technology company’s stock valued at $93,457,000 after purchasing an additional 20,060 shares in the last quarter. Light Street Capital Management LLC purchased a new position in shares of Match Group in the 2nd quarter valued at about $39,974,000. Voya Investment Management LLC increased its holdings in shares of Match Group by 16.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,674,074 shares of the technology company’s stock valued at $29,095,000 after purchasing an additional 235,355 shares in the last quarter. Finally, Mik Capital LLC purchased a new position in shares of Match Group in the 2nd quarter valued at about $23,043,000. Institutional investors own 18.97% 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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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