Several analysts have recently updated their ratings and price targets for Match Group (NASDAQ: MTCH):

  • 10/23/2017 – Match Group had its price target raised by analysts at Barclays PLC from $20.00 to $26.00. They now have an “equal weight” rating on the stock.
  • 10/19/2017 – Match Group had its “buy” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $29.00 price target on the stock, up previously from $21.00.
  • 10/13/2017 – Match Group had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $28.00 price target on the stock, up previously from $22.00.
  • 10/13/2017 – Match Group had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $30.00 price target on the stock, up previously from $21.00.
  • 10/11/2017 – Match Group had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $25.00 price target on the stock.
  • 10/10/2017 – Match Group had its price target raised by analysts at Bank of America Corporation from $21.00 to $30.00. They now have a “buy” rating on the stock.
  • 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.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The business had revenue of $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS.

In other news, General Counsel Jared F. Sine sold 64,436 shares of the company’s stock in a transaction that occurred 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 owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Sam Yagan sold 684,583 shares of the company’s stock in a transaction that occurred on 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 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 a total of 902,498 shares of company stock valued at $19,287,878 in the last three months. Insiders own 18.10% of the company’s stock.

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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