Match Group (MTCH) Downgraded by Deutsche Bank

Match Group (NASDAQ:MTCH) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Nomura started coverage on shares of Match Group in a research note on Thursday, October 11th. They issued a “buy” rating and a $66.00 price target for the company. BidaskClub upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 11th. SunTrust Banks started coverage on shares of Match Group in a research note on Tuesday, December 18th. They issued a “hold” rating and a $47.00 price target for the company. Finally, Summit Insights started coverage on shares of Match Group in a research note on Tuesday, December 11th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.01.

Shares of MTCH stock opened at $55.68 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.93. The company has a market capitalization of $15.14 billion, a P/E ratio of 107.08, a price-to-earnings-growth ratio of 2.33 and a beta of 0.59. Match Group has a fifty-two week low of $32.40 and a fifty-two week high of $60.95.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $438.03 million. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, research analysts predict that Match Group will post 1.28 EPS for the current year.

Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Match Group by 50.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,010,634 shares of the technology company’s stock worth $116,436,000 after buying an additional 669,868 shares during the last quarter. FMR LLC increased its holdings in shares of Match Group by 33.0% in the 3rd quarter. FMR LLC now owns 1,800,357 shares of the technology company’s stock valued at $104,258,000 after acquiring an additional 447,057 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Match Group by 2.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,675,113 shares of the technology company’s stock valued at $97,006,000 after acquiring an additional 44,411 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in shares of Match Group by 15.2% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 1,507,314 shares of the technology company’s stock valued at $87,288,000 after acquiring an additional 198,640 shares during the period. Finally, Gladstone Capital Management LLP increased its holdings in shares of Match Group by 26.9% in the 3rd quarter. Gladstone Capital Management LLP now owns 1,224,634 shares of the technology company’s stock valued at $70,919,000 after acquiring an additional 259,408 shares during the period. Institutional investors and hedge funds own 23.31% of the company’s stock.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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