Match Group (MTCH) PT Raised to $42.00 at Aegis

Match Group (NASDAQ:MTCH) had its target price lifted by investment analysts at Aegis from $32.00 to $42.00 in a research note issued on Friday. The firm presently has a “buy” rating on the technology company’s stock. Aegis’ price target indicates a potential upside of 20.45% from the company’s current price.

A number of other analysts have also recently commented on MTCH. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price target (up previously from $21.00) on shares of Match Group in a research note on Friday, October 13th. Cowen reiterated an “outperform” rating and issued a $28.00 price target (up previously from $22.00) on shares of Match Group in a research note on Friday, October 13th. Wells Fargo & Co reiterated a “buy” rating and issued a $29.00 price target (up previously from $21.00) on shares of Match Group in a research note on Thursday, October 19th. Barclays increased their price target on shares of Match Group from $20.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.32.

Shares of Match Group (MTCH) traded up $1.27 during mid-day trading on Friday, reaching $34.87. 772,907 shares of the company’s stock were exchanged, compared to its average volume of 1,578,037. The firm has a market capitalization of $9,841.49, a PE ratio of 29.29, a P/E/G ratio of 2.75 and a beta of 0.91. 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 12-month low of $15.42 and a 12-month high of $36.84.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The firm had revenue of $379.00 million during 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 business’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. research analysts expect that Match Group will post 0.86 EPS for the current fiscal year.

In other 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 value of $340,463.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its position 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 valued at $111,000 after purchasing an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado raised its position 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 valued at $112,000 after purchasing an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. raised its position 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 valued at $117,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. Finally, Turner Investments LLC bought a new position in shares of Match Group in the third quarter valued at about $162,000. 20.33% of the stock is currently owned by institutional investors.

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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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