Match Group (NASDAQ:MTCH) had its target price hoisted by Jefferies Group to $50.00 in a research note issued to investors on Wednesday, March 7th, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Jefferies Group’s price target indicates a potential upside of 7.41% from the company’s previous close. Jefferies Group also issued estimates for Match Group’s Q3 2018 earnings at $0.25 EPS, FY2018 earnings at $1.01 EPS and FY2019 earnings at $1.31 EPS.
A number of other brokerages have also issued reports on MTCH. TheStreet lowered shares of Match Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Evercore ISI assumed coverage on shares of Match Group in a report on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 target price for the company. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Wells Fargo & Co restated an “outperform” rating and set a $38.00 price objective (up previously from $33.00) on shares of Match Group in a report on Monday, January 8th. Finally, Zacks Investment Research lowered Match Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.32.
Match Group (MTCH) traded down $0.24 during trading on Wednesday, hitting $46.55. 1,100,937 shares of the stock traded hands, compared to its average volume of 1,980,972. Match Group has a 52-week low of $15.42 and a 52-week high of $46.81. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $12,840.00 and a PE ratio of 30.27.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The business had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. sell-side analysts expect that Match Group will post 1.04 earnings per share for the current fiscal year.
In other Match Group news, Director Gregory R. Blatt sold 456,673 shares of Match Group stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $18,134,484.83. Following the transaction, the director now directly owns 2,504,859 shares in the company, valued at approximately $99,467,950.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sharmistha Dubey sold 141,149 shares of Match Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.99, for a total value of $5,362,250.51. Following the completion of the sale, the president now owns 78,650 shares in the company, valued at $2,987,913.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 721,437 shares of company stock worth $28,580,747. 18.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC boosted its position in shares of Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after buying an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock valued at $112,000 after purchasing an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the last quarter. Finally, Delpha Capital Management LLC purchased a new position in Match Group in the fourth quarter valued at about $138,000. Institutional investors own 21.96% 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.
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