Barclays Boosts Match Group (MTCH) Price Target to $37.00
Match Group (NASDAQ:MTCH) had its target price upped by equities research analysts at Barclays from $30.00 to $37.00 in a report issued on Thursday, MarketBeat reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Barclays’ target price would indicate a potential upside of 3.61% from the company’s previous close.
Several other equities research analysts have also recently weighed in on MTCH. BMO Capital Markets restated a “buy” rating and issued a $35.00 price objective on shares of Match Group in a research report on Friday, February 2nd. Vetr cut shares of Match Group from a “buy” rating to a “hold” rating and set a $37.10 price objective for the company. in a research report on Thursday. JPMorgan Chase & Co. restated an “overweight” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Match Group in a research report on Thursday. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Piper Jaffray Companies raised their price objective on shares of Match Group to $40.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $36.32.
Match Group (NASDAQ MTCH) opened at $35.71 on Thursday. Match Group has a 1-year low of $15.42 and a 1-year high of $36.84. The stock has a market cap of $9,177.74, a PE ratio of 56.00, a P/E/G ratio of 2.56 and a beta of 0.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40.
In other news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 18.10% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its position in shares of Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Match Group by 2,627.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after buying an additional 3,600 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Match Group by 499.8% during the 2nd 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. Parametrica Management Ltd acquired a new stake in shares of Match Group during the 4th quarter worth approximately $209,000. Finally, IFP Advisors Inc grew its position in shares of Match Group by 61.7% during the 4th quarter. IFP Advisors Inc now owns 6,912 shares of the technology company’s stock worth $216,000 after buying an additional 2,638 shares during the period. Institutional investors own 20.33% of the company’s stock.
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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