Match Group (NASDAQ:MTCH) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

A number of other research analysts have also recently commented on the company. Jefferies Group restated a “buy” rating and set a $28.00 price target (up from $23.00) on shares of Match Group in a research note on Thursday, August 31st. Bank of America increased their price objective on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Deutsche Bank reiterated a “buy” rating and issued a $33.00 price objective on shares of Match Group in a research note on Wednesday, November 15th. Wells Fargo & Company reiterated a “buy” rating and issued a $29.00 price objective (up from $21.00) on shares of Match Group in a research note on Thursday, October 19th. Finally, Cowen reiterated an “outperform” rating and issued a $28.00 price objective (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.09.

Shares of Match Group (MTCH) traded down $0.47 during trading on Wednesday, reaching $29.38. The company had a trading volume of 1,085,211 shares, compared to its average volume of 1,559,273. The stock has a market capitalization of $8,025.06, a price-to-earnings ratio of 49.80, a price-to-earnings-growth ratio of 3.73 and a beta of 0.77. Match Group has a 52 week low of $15.42 and a 52 week high of $32.87. 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 (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts predict that Match Group will post 0.62 earnings per share for the current fiscal year.

In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP grew its holdings in shares of Match Group by 48.3% during the third quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock worth $514,000 after purchasing an additional 7,210 shares during the last quarter. RWC Asset Management LLP purchased a new position in shares of Match Group during the third quarter worth about $3,479,000. Janney Montgomery Scott LLC purchased a new position in shares of Match Group during the third quarter worth about $226,000. Granahan Investment Management Inc. MA purchased a new position in shares of Match Group during the third quarter worth about $8,016,000. Finally, Crestline Management LP purchased a new position in shares of Match Group during the third quarter worth about $2,429,000. 21.03% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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