Q2 2018 EPS Estimates for Match Group Inc (MTCH) Reduced by Analyst

Match Group Inc (NASDAQ:MTCH) – Investment analysts at Jefferies Group reduced their Q2 2018 earnings estimates for shares of Match Group in a research report issued to clients and investors on Wednesday. Jefferies Group analyst B. Thill now expects that the technology company will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.21. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock.

Several other research analysts have also commented on the stock. Aegis restated a “buy” rating and issued a $42.00 price target (up previously from $32.00) on shares of Match Group in a report on Friday. TheStreet lowered shares of Match Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Citigroup raised their price target on shares of Match Group from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets raised their price target on shares of Match Group from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays raised their price target on shares of Match Group from $30.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Match Group has a consensus rating of “Buy” and an average price target of $36.32.

Match Group (NASDAQ MTCH) opened at $35.71 on Monday. Match Group has a 1-year low of $15.42 and a 1-year 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 cap of $9,754.08, a P/E ratio of 30.01, a P/E/G ratio of 2.72 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last posted 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 business had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same quarter in the previous year, the business posted $0.29 EPS. The company’s quarterly revenue was up 28.5% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Match Group by 15.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 16,401 shares during the period. Private Advisor Group LLC raised its stake in shares of Match Group by 122.3% during the third quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock valued at $697,000 after purchasing an additional 15,150 shares during the period. Commonwealth Bank of Australia raised its stake in shares of Match Group by 77.4% during the third quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock valued at $814,000 after purchasing an additional 15,400 shares during the period. GMT Capital Corp raised its stake in shares of Match Group by 20.6% during the third quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock valued at $14,197,000 after purchasing an additional 104,500 shares during the period. Finally, Koch Industries Inc. raised its stake in shares of Match Group by 1,409.6% during the second quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock valued at $535,000 after purchasing an additional 528,585 shares during the period. Institutional investors own 20.33% of the company’s stock.

In other news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 18.10% of the company’s stock.

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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.

Earnings History and Estimates for Match Group (NASDAQ:MTCH)

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