Match Group (MTCH) Downgraded by Vetr

Match Group (NASDAQ:MTCH) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They currently have a $37.10 price target on the technology company’s stock. Vetr‘s price target suggests a potential upside of 3.89% from the company’s current price.

A number of other brokerages have also recently weighed in on MTCH. Bank of America boosted their price objective 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 report on Friday, February 2nd. Piper Jaffray Companies boosted their target price on shares of Match Group to $40.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, BidaskClub raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. 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. The stock presently has an average rating of “Buy” and a consensus target price of $36.32.

Shares of Match Group (NASDAQ:MTCH) traded up $2.11 during trading on Thursday, hitting $35.71. 4,297,845 shares of the stock were exchanged, compared to its average volume of 1,699,437. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. Match Group has a twelve month low of $15.42 and a twelve month high of $36.84. The firm has a market capitalization of $9,754.08, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.72 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 30.34% and a net margin of 26.31%. The firm had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Match Group’s quarterly revenue was up 28.5% compared to the same quarter last year. equities research analysts anticipate that Match Group will post 0.92 EPS 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 transaction of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 18.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC increased its holdings in Match Group by 499.8% in the 2nd 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 period. Public Employees Retirement Association of Colorado increased its holdings in Match Group by 211.7% in the 4th 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 period. Benjamin F. Edwards & Company Inc. increased its holdings in Match Group by 2,627.7% in the 4th 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 period. The Manufacturers Life Insurance Company increased its holdings in Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after buying an additional 519 shares during the period. Finally, Turner Investments LLC bought a new stake in Match Group in the 3rd quarter valued at $162,000. 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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