Match Group (NASDAQ:MTCH) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price target (up from $23.00) on shares of Match Group in a research note on Thursday, August 31st. Bank of America increased their price target on Match Group from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Deutsche Bank reaffirmed a “buy” rating and set a $33.00 price target on shares of Match Group in a research note on Wednesday, November 15th. Wells Fargo & Company reaffirmed a “buy” rating and set a $29.00 price target (up from $21.00) on shares of Match Group in a research note on Thursday, October 19th. Finally, Cowen reaffirmed an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.09.

Shares of Match Group (NASDAQ MTCH) opened at $31.69 on Tuesday. Match Group has a 1 year low of $15.42 and a 1 year high of $32.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $8,330.98, a P/E ratio of 51.69, a P/E/G ratio of 3.95 and a beta of 0.77.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts anticipate that Match Group will post 0.62 earnings per share for the current year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mik Capital LLC acquired a new stake in shares of Match Group in the second quarter worth $23,043,000. Schwab Charles Investment Management Inc. boosted its position in shares of Match Group by 15.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock worth $2,084,000 after buying an additional 16,401 shares during the period. D L Carlson Investment Group Inc. boosted its position in shares of Match Group by 14.9% in the second quarter. D L Carlson Investment Group Inc. now owns 163,910 shares of the technology company’s stock worth $2,849,000 after buying an additional 21,275 shares during the period. GMT Capital Corp boosted its position in shares of Match Group by 20.6% in the third quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock worth $14,197,000 after buying an additional 104,500 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Match Group by 122.3% in the third quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock worth $697,000 after buying an additional 15,150 shares during the period. 20.97% of the stock is 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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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