Match Group (MTCH) Earns Overweight Rating from JPMorgan Chase & Co.

Match Group (NASDAQ:MTCH)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a $42.00 price target on the technology company’s stock, up from their previous price target of $39.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 25.00% from the stock’s current price.

Several other equities research analysts also recently commented on MTCH. Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 target price on shares of Match Group in a research report on Wednesday, October 11th. BMO Capital Markets reiterated an “outperform” rating and set a $30.00 target price (up from $21.00) on shares of Match Group in a research report on Friday, October 13th. Cowen reiterated an “outperform” rating and set a $28.00 target price (up from $22.00) on shares of Match Group in a research report on Friday, October 13th. Wells Fargo & Co reiterated a “buy” rating and set a $29.00 target price (up from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Finally, Barclays lifted their target price on shares of Match Group from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given 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 target price of $35.38.

Shares of Match Group (NASDAQ:MTCH) traded down $2.43 during trading on Thursday, hitting $33.60. 4,140,000 shares of the company traded hands, compared to its average volume of 1,460,000. 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 12 month low of $15.42 and a 12 month high of $36.84. The company has a market cap of $9,180.00 and a price-to-earnings ratio of 28.00.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 25.34% and a net margin of 26.31%. The business had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. equities research analysts predict that Match Group will post 0.86 EPS for the current year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. 18.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after purchasing an additional 1,617,950 shares during the period. Wells Fargo & Company MN lifted its position in shares of Match Group by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock worth $82,940,000 after purchasing an additional 1,645,294 shares during the period. First Trust Advisors LP lifted its position in shares of Match Group by 306.1% in the 4th quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock worth $44,817,000 after purchasing an additional 1,078,925 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Match Group by 33.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 937,605 shares of the technology company’s stock worth $21,743,000 after purchasing an additional 236,331 shares during the period. Finally, Scout Investments Inc. increased its stake in shares of Match Group by 17.7% in the 3rd quarter. Scout Investments Inc. now owns 863,627 shares of the technology company’s stock valued at $20,028,000 after acquiring an additional 129,732 shares in the last quarter. Hedge funds and other institutional investors own 20.33% of the company’s stock.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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