Match Group, Inc. (NASDAQ:MTCH) Received Consensus “Buy Moderate” Recommendation From Brokerages
Shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) have been given an average rating of “moderate buy” by the twenty-three research firms that cover the company, reports MarketBeat Ratings. One analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and thirteen gave the company a buy recommendation. The 1-year average price target among brokerages that have issued ratings on the stock in the past year is $91.76.
Several equity research analysts have recently released reports on MTCH stocks. Susquehanna Bancshares lowered its price target on Match Group shares from $100.00 to $85.00 and rated the stock “positive” in a Thursday, August 4 research report. StockNews.com moved Match Group shares from a “hold” rating to a “sell” rating in a research report on Thursday, August 4. Stifel Nicolaus began covering Match Group shares in a research report on Wednesday, September 14. They issued a “hold” rating and a target price of $62.00 on the stock. KeyCorp cut its price target on Match Group shares from $90.00 to $82.00 and set an “overweight” rating on the stock in a Thursday, Aug. 4 research report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Match Group shares from $100.00 to $85.00 and set a “buy” rating on the stock in a Thursday 4 august.
Separately, CEO Bernard Jin Kim purchased 16,000 shares of the company in a transaction that took place on Thursday, August 4. The shares were acquired at an average price of $63.58 per share, for a total transaction of $1,017,280.00. Following the completion of the purchase, the CEO now owns 16,000 shares of the company, valued at $1,017,280. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders own 1.10% of the shares of the company.
Match Group Institutional Trading
A number of hedge funds and other institutional investors have recently changed their positions in the stock. Tyler Stone Wealth Management bought a new stake in Match Group during the fourth quarter for $27,000. Tsfg LLC increased its stake in Match Group by 181.1% during the first quarter. Tsfg LLC now owns 253 shares of the technology company valued at $28,000 after buying 163 additional shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Match Group during the first quarter at a value of $28,000. Prospera Financial Services Inc purchased a new stake in Match Group during the first quarter for $29,000. Finally, Zions Bancorporation NA increased its equity stake in Match Group by 122.3% in the second quarter. Zions Bancorporation NA now owns 409 shares of the technology company valued at $29,000 after acquiring an additional 225 shares during the period. Institutional investors hold 94.43% of the company’s shares.
Match Group Trading down 4.3%
NASDAQ:MTCH opened at $55.37 on Monday. The company has a market capitalization of $15.81 billion, a P/E ratio of 173.04, a price-to-earnings growth ratio of 0.67 and a beta of 1.22. Match Group has a 12-month low of $53.19 and a 12-month high of $182.00. The company has a 50-day moving average price of $64.30 and a two-hundred-day moving average price of $77.68.
Match Group (NASDAQ:MTCH – Get Rating) last released its quarterly results on Tuesday, August 2. The technology company reported EPS of $0.70 for the quarter, beating analyst consensus estimates of $0.59 by $0.11. The company posted revenue of $794.51 million in the quarter, versus a consensus estimate of $802.13 million. Match Group had a net margin of 3.48% and a negative return on equity of 164.13%. On average, equity research analysts expect Match Group to post earnings per share of 2.55 for the current year.
Correspondence Group Company Profile
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Match Group, Inc provides dating products worldwide. The Company’s brand portfolio includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish and OurTime, along with various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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