Match Group (NASDAQ:MTCH) had its target price lifted by Citigroup from $35.00 to $40.00 in a research report issued on Friday. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective suggests a potential upside of 12.01% from the company’s previous close.
MTCH has been the topic of a number of other reports. Wells Fargo & Co restated an “outperform” rating and set a $38.00 price target (up from $33.00) on shares of Match Group in a research note on Monday, January 8th. Aegis upped their price objective on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Vetr raised Match Group from a “hold” rating to a “buy” rating and set a $37.10 price objective on the stock in a research report on Tuesday, January 30th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $33.00 price objective on shares of Match Group in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Match Group presently has a consensus rating of “Buy” and an average price target of $36.32.
Match Group (MTCH) traded up $2.11 during trading hours on Friday, reaching $35.71. The company’s stock had a trading volume of 4,300,000 shares, compared to its average volume of 1,570,000. 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 one year low of $15.42 and a one year high of $36.84. The firm has a market capitalization of $10,370.00 and a PE ratio of 29.76.
In related news, Director Ann Mcdaniel sold 11,119 shares of the 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 18.10% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado increased its holdings in 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 buying an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in 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 buying an additional 3,600 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in 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 buying an additional 5,333 shares during the last quarter. Parametrica Management Ltd purchased a new position in Match Group in the fourth quarter valued at $209,000. Finally, IFP Advisors Inc increased its holdings in Match Group by 61.7% in the fourth quarter. IFP Advisors Inc now owns 6,912 shares of the technology company’s stock valued at $216,000 after buying an additional 2,638 shares during the last quarter. 20.33% of the stock is currently owned by hedge funds and other 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.
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