Match Group, Inc. (NASDAQ:MTCH)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research note issued to investors on Friday, The Fly reports.

Several other research firms have also weighed in on MTCH. Jefferies Group LLC boosted their target price 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 and set a $28.00 target price for the company in a research note on Wednesday, October 4th. Vetr lowered 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. Piper Jaffray Companies reiterated an “overweight” rating and set a $28.00 target price (up previously from $25.00) on shares of Match Group in a research note on Wednesday, October 4th. Finally, BidaskClub lowered shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Match Group currently has an average rating of “Buy” and a consensus target price of $24.03.

Match Group (NASDAQ MTCH) opened at 25.74 on Friday. The firm has a market cap of $6.75 billion, a PE ratio of 36.61 and a beta of 0.56. Match Group has a one year low of $15.08 and a one year high of $26.24. The stock has a 50 day moving average of $23.21 and a 200 day moving average of $19.52.

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

TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/13/match-group-inc-mtch-stock-rating-reaffirmed-by-bmo-capital-markets.html.

In related news, General Counsel Jared F. Sine sold 64,436 shares of the company’s stock in a transaction dated 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 owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Sam Yagan sold 684,583 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the completion of the sale, the insider now directly owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. Insiders sold 902,498 shares of company stock valued at $19,287,878 in the last ninety days. Corporate insiders own 18.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MTCH. Cubist Systematic Strategies LLC lifted its holdings in Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after purchasing an additional 5,333 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Match Group by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock worth $114,000 after purchasing an additional 1,156 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the technology company’s stock worth $125,000 after purchasing an additional 800 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Match Group by 73.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,840 shares of the technology company’s stock worth $131,000 after purchasing an additional 5,026 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after purchasing an additional 519 shares during the period. 18.97% of the stock is owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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.