Match Group, Inc. (MTCH) Earns “Buy” Rating from Deutsche Bank AG
Match Group, Inc. (NASDAQ:MTCH)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They presently have a $33.00 target price on the technology company’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 12.28% from the company’s current price.
Several other equities analysts have also issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $28.00 price target (up from $23.00) on shares of Match Group in a research report on Thursday, August 31st. Bank of America Corporation raised their price target on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Wells Fargo & Company restated a “buy” rating and set a $29.00 price target (up from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Barclays PLC raised their price target on Match Group from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Cowen and Company restated an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.89.
Match Group (NASDAQ:MTCH) traded up $0.70 on Wednesday, reaching $29.39. The company had a trading volume of 2,606,800 shares, compared to its average volume of 1,432,652. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $32.87. The company has a market cap of $7,522.86, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 3.64 and a beta of 0.68.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Match Group’s revenue was up 19.4% compared to the same quarter last year. equities research analysts anticipate that Match Group will post 0.63 EPS for the current fiscal year.
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In other news, Vice Chairman Sam Yagan sold 684,583 shares of the firm’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 value of $15,026,596.85. Following the completion of the transaction, the insider now owns 464,963 shares in the company, valued at approximately $10,205,937.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’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 value of $1,318,360.56. Following the completion of the transaction, the general counsel now 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. Over the last quarter, insiders sold 847,873 shares of company stock worth $18,233,069. Corporate insiders own 18.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its stake in shares of Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Match Group by 19.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock valued at $114,000 after purchasing an additional 1,156 shares during the period. Turner Investments LLC purchased a new position in shares of Match Group in the 3rd quarter valued at approximately $162,000. BNP Paribas Arbitrage SA lifted its stake in shares of Match Group by 162.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after purchasing an additional 4,359 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Match Group by 12.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the technology company’s stock valued at $125,000 after purchasing an additional 800 shares during the period. Institutional investors own 20.04% 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.
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