A number of research firms have changed their ratings and price targets for Match Group (NASDAQ: MTCH):

  • 10/4/2017 – Match Group was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $28.00 price target on the stock. According to Zacks, “Match Group, Inc. offers subscription-based online dating websites and applications services. The company’s dating products brands consists of Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24. Match Group, Inc. is headquartered in Dallas, Texas. “
  • 10/4/2017 – Match Group had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $28.00 price target on the stock, up previously from $25.00.
  • 10/4/2017 – Match Group had its price target raised by analysts at Citigroup Inc. from $22.00 to $28.00. They now have a “buy” rating on the stock.
  • 9/30/2017 – Match Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock.
  • 9/20/2017 – Match Group had its price target raised by analysts at UBS AG from $22.00 to $28.00. They now have a “buy” rating on the stock.
  • 9/13/2017 – Match Group had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $21.00 price target on the stock.
  • 9/7/2017 – Match Group had its price target raised by analysts at Jefferies Group LLC from $23.00 to $28.00. They now have a “buy” rating on the stock.
  • 8/31/2017 – Match Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock, up previously from $23.00.

Match Group, Inc. (MTCH) opened at 25.20 on Thursday. Match Group, Inc. has a 52-week low of $15.08 and a 52-week high of $25.51. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 35.85 and a beta of 0.56. The company’s 50-day moving average price is $22.07 and its 200 day moving average price is $19.14.

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

In related news, Vice Chairman Sam Yagan sold 98,854 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $19.10, for a total value of $1,888,111.40. Following the completion of the sale, the insider now directly owns 84,391 shares of the company’s stock, valued at $1,611,868.10. The sale 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 business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total transaction 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 $1,318,360.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 902,498 shares of company stock valued at $19,287,878. 18.10% of the stock is owned by corporate insiders.

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.

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