Barclays Increases Match Group (MTCH) Price Target to $37.00

Match Group (NASDAQ:MTCH) had its price target upped by research analysts at Barclays from $30.00 to $37.00 in a research note issued on Thursday. The firm currently has an “equal weight” rating on the technology company’s stock. Barclays’ price objective points to a potential upside of 1.29% from the company’s previous close.

A number of other analysts have also recently weighed in on MTCH. JPMorgan Chase & Co. boosted their target price on shares of Match Group from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday. Vetr cut shares of Match Group from a “buy” rating to a “hold” rating and set a $37.10 target price on the stock. in a research note on Thursday. Bank of America boosted their target price on shares of Match Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $35.00 target price on shares of Match Group in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.38.

Shares of Match Group (MTCH) traded up $0.50 on Thursday, reaching $36.53. 297,444 shares of the company’s stock traded hands, compared to its average volume of 1,480,145. Match Group has a 1-year low of $15.42 and a 1-year high of $36.84. The firm has a market capitalization of $9,840.00 and a P/E ratio of 24.35. 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 (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 25.34%. The firm’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. equities analysts expect that Match Group will post 0.86 earnings per share for the current year.

In related news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 18.10% of the company’s stock.

Several institutional investors have recently modified their holdings of MTCH. Cubist Systematic Strategies LLC grew its stake in shares of 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 last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after purchasing an additional 2,434 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of 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 last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after purchasing an additional 3,600 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of 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 last quarter. 20.33% 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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