TheStreet Lowers Match Group (MTCH) to C

Match Group (NASDAQ:MTCH) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Wednesday.

MTCH has been the topic of several other reports. BidaskClub cut shares of Match Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Vetr cut shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price target on the stock. in a research note on Monday, January 8th. Cowen reissued an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. Finally, Barclays increased their price target on shares of Match Group from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.32.

Match Group (NASDAQ MTCH) traded up $2.11 on Wednesday, hitting $35.71. 4,297,162 shares of the stock traded hands, compared to its average volume of 1,699,437. Match Group has a twelve month low of $15.42 and a twelve month high of $36.84. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $9,177.74, a PE ratio of 30.01, a P/E/G ratio of 2.56 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 30.34%. The company had revenue of $379.00 million for the quarter, compared to the consensus estimate of $362.86 million. During the same period last year, the company earned $0.29 earnings per share. Match Group’s revenue for the quarter was up 28.5% compared to the same quarter last year. sell-side analysts anticipate that Match Group will post 0.86 EPS 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 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 legal filing with the SEC, which can be accessed through this hyperlink. 18.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in MTCH. First Republic Investment Management Inc. acquired a new stake in Match Group in the fourth quarter worth $1,871,000. BlackRock Inc. raised its holdings in Match Group by 4.7% in the fourth quarter. BlackRock Inc. now owns 1,714,016 shares of the technology company’s stock worth $53,665,000 after purchasing an additional 76,567 shares during the period. Bank of New York Mellon Corp raised its holdings in Match Group by 43.5% in the fourth quarter. Bank of New York Mellon Corp now owns 434,303 shares of the technology company’s stock worth $13,598,000 after purchasing an additional 131,639 shares during the period. Rhumbline Advisers raised its holdings in Match Group by 23.1% in the fourth quarter. Rhumbline Advisers now owns 52,255 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 9,816 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Match Group in the fourth quarter worth $1,392,000. 20.33% of the stock is currently owned by hedge funds and other 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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