Match Group (NASDAQ:MTCH) Price Target Raised to $175.00


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Match Group (NASDAQ:MTCH) had its target price boosted by equities researchers at Cowen from $145.00 to $175.00 in a research report issued on Thursday, The Fly reports. The firm presently has an “outperform” rating on the technology company’s stock. Cowen’s price objective suggests a potential upside of 12.89% from the company’s current price.

A number of other research analysts have also issued reports on MTCH. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “strong sell” rating and set a $131.00 target price for the company. in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Match Group from $150.00 to $160.00 in a report on Tuesday, November 10th. BMO Capital Markets upped their price objective on shares of Match Group from $110.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, November 6th. ValuEngine raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Finally, UBS Group boosted their target price on shares of Match Group from $110.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $124.30.

NASDAQ MTCH opened at $155.02 on Thursday. The stock has a market capitalization of $41.23 billion, a P/E ratio of -234.88, a P/E/G ratio of 7.39 and a beta of 1.21. Match Group has a 52-week low of $87.56 and a 52-week high of $159.85. The firm has a 50-day moving average price of $148.57 and a 200 day moving average price of $120.85. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.05.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). The business had revenue of $639.70 million for the quarter, compared to analysts’ expectations of $606.65 million. Match Group had a return on equity of 32.15% and a net margin of 2.43%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. On average, equities research analysts expect that Match Group will post 2 earnings per share for the current fiscal year.

In other Match Group news, Director Thomas Mcinerney sold 12,325 shares of the business’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $142.11, for a total value of $1,751,505.75. Following the completion of the sale, the director now owns 338,612 shares in the company, valued at $48,120,151.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mcdaniel sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $137.86, for a total value of $551,440.00. Following the transaction, the director now owns 12,669 shares of the company’s stock, valued at approximately $1,746,548.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,325 shares of company stock worth $6,134,446. 11.50% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Match Group by 1.4% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,098 shares of the technology company’s stock valued at $785,000 after acquiring an additional 98 shares during the period. Mission Wealth Management LP boosted its holdings in shares of Match Group by 4.0% in the 3rd quarter. Mission Wealth Management LP now owns 4,556 shares of the technology company’s stock worth $504,000 after purchasing an additional 174 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Match Group during the 4th quarter worth approximately $28,000. IFP Advisors Inc raised its position in shares of Match Group by 126.8% in the 3rd quarter. IFP Advisors Inc now owns 338 shares of the technology company’s stock worth $37,000 after acquiring an additional 189 shares in the last quarter. Finally, Glenview Trust Co grew its stake in Match Group by 5.1% during the 3rd quarter. Glenview Trust Co now owns 4,476 shares of the technology company’s stock worth $495,000 after buying an additional 216 shares during the last quarter.

Match Group Company Profile

Match Group, Inc provides dating products worldwide. Its portfolio of brands include Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company is based in Dallas, Texas.

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