Aegis reissued their buy rating on shares of Match Group (NASDAQ:MTCH) in a report published on Friday morning, MarketBeat Ratings reports. Aegis currently has a $45.00 target price on the technology company’s stock, up from their previous target price of $42.00.
MTCH has been the subject of a number of other research reports. Wells Fargo & Co reiterated an outperform rating and set a $38.00 price target (up previously from $33.00) on shares of Match Group in a research report on Monday, January 8th. Guggenheim raised Match Group from a neutral rating to a buy rating in a report on Tuesday, December 19th. Vetr raised Match Group from a hold rating to a buy rating and set a $37.10 price objective on the stock in a report on Tuesday, January 30th. Deutsche Bank reissued a buy rating and set a $33.00 price objective on shares of Match Group in a report on Wednesday, November 15th. Finally, BidaskClub raised Match Group from a buy rating to a strong-buy rating in a report on Monday, December 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $36.51.
Shares of Match Group (MTCH) opened at $41.56 on Friday. The stock has a market capitalization of $11,350.00 and a PE ratio of 34.63. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group has a 12-month low of $15.42 and a 12-month high of $42.67.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million for the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 30.34%. The business’s revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. sell-side analysts forecast that Match Group will post 0.91 earnings per share for the current year.
In other Match Group news, CFO Gary Swidler sold 90,089 shares of Match Group stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $41.54, for a total value of $3,742,297.06. Following the transaction, the chief financial officer now directly owns 333,090 shares of the company’s stock, valued at approximately $13,836,558.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The disclosure for this sale can be found here. Insiders sold a total of 252,310 shares of company stock worth $9,825,116 over the last ninety days. Insiders own 18.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MTCH. Cubist Systematic Strategies LLC increased its stake 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 worth $111,000 after purchasing an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado increased its stake 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 worth $112,000 after purchasing an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake 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 worth $117,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company increased its stake 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 worth $131,000 after purchasing an additional 519 shares during the period. Finally, Delpha Capital Management LLC purchased a new position in Match Group in the 4th quarter worth approximately $138,000. 20.72% of the stock is currently owned by institutional investors and hedge funds.
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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.
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