Match Group (NASDAQ:MTCH) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Several other research firms have also recently issued reports on MTCH. UBS cut shares of Match Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. Citigroup reaffirmed a “buy” rating and issued a $35.00 price target on shares of Match Group in a research report on Thursday, November 9th. Oppenheimer cut shares of Match Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Jefferies Group upped their price target on shares of Match Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, CIBC reaffirmed a “market perform” rating on shares of Match Group in a research report on Thursday, November 9th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.09.

Match Group (NASDAQ:MTCH) traded up $1.17 during trading on Wednesday, reaching $29.85. 1,567,900 shares of the company’s stock traded hands, compared to its average volume of 1,435,001. The stock has a market cap of $7,833.86, a PE ratio of 48.61, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a 12 month low of $15.42 and a 12 month high of $32.87.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. Match Group’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. research analysts predict that Match Group will post 0.63 earnings per share for the current year.

In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the company’s 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 18.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in shares of Match Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,969 shares of the technology company’s stock worth $503,000 after acquiring an additional 75 shares during the period. Suntrust Banks Inc. increased its stake in shares of Match Group by 0.9% in the second quarter. Suntrust Banks Inc. now owns 30,490 shares of the technology company’s stock worth $529,000 after acquiring an additional 263 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 worth $131,000 after acquiring an additional 519 shares during the period. Advisor Group Inc. increased its stake in shares of Match Group by 6.3% in the second quarter. Advisor Group Inc. now owns 13,699 shares of the technology company’s stock worth $238,000 after acquiring an additional 814 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of Match Group by 17.3% in the second quarter. Private Advisor Group LLC now owns 12,389 shares of the technology company’s stock worth $222,000 after acquiring an additional 1,828 shares during the period. Hedge funds and other institutional investors own 21.03% 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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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