Match Group (MTCH) Earns Outperform Rating from Analysts at Evercore ISI
Analysts at Evercore ISI assumed coverage on shares of Match Group (NASDAQ:MTCH) in a report released on Tuesday, The Fly reports. The firm set an “outperform” rating on the technology company’s stock.
Several other analysts have also issued reports on MTCH. Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of Match Group in a research note on Saturday, September 30th. BMO Capital Markets upped their target price on shares of Match Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $33.00 target price (up previously from $28.00) on shares of Match Group in a research note on Wednesday, November 8th. CIBC reiterated a “market perform” rating on shares of Match Group in a research note on Thursday, November 9th. Finally, Oppenheimer lowered shares of Match Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Match Group presently has a consensus rating of “Buy” and a consensus target price of $30.89.
Shares of Match Group (NASDAQ MTCH) traded up $0.11 during mid-day trading on Tuesday, reaching $28.33. 1,011,632 shares of the company’s stock were exchanged, compared to its average volume of 1,435,070. The company has a market cap of $7,870.00 and a price-to-earnings ratio of 48.15. The company has a quick ratio of 0.92, a current 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.
In related news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.10% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its position in Match Group by 48.3% during the third quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock valued at $514,000 after buying an additional 7,210 shares during the period. RWC Asset Management LLP bought a new position in Match Group during the third quarter valued at about $3,479,000. Janney Montgomery Scott LLC bought a new position in Match Group during the third quarter valued at about $226,000. Granahan Investment Management Inc. MA bought a new position in Match Group during the third quarter valued at about $8,016,000. Finally, Crestline Management LP bought a new position in Match Group during the third quarter valued at about $2,429,000. Institutional investors own 21.03% of the company’s stock.
About Match Group
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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