Match Group, Inc. (MTCH) PT Raised to $30.00 at Barclays PLC
Match Group, Inc. (NASDAQ:MTCH) had its price target raised by Barclays PLC from $26.00 to $30.00 in a research note published on Thursday morning. Barclays PLC currently has an equal weight rating on the technology company’s stock.
Several other equities analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a buy rating and set a $28.00 price objective (up previously from $23.00) on shares of Match Group in a report on Thursday, August 31st. Bank of America Corporation raised their price objective on Match Group from $21.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, October 10th. BidaskClub raised Match Group from a sell rating to a hold rating in a report on Thursday, July 13th. Wells Fargo & Company reaffirmed a buy rating and set a $29.00 price objective (up previously from $21.00) on shares of Match Group in a report on Thursday, October 19th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $21.00 price objective on shares of Match Group in a report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $30.72.
Shares of Match Group (MTCH) traded down $0.10 during mid-day trading on Thursday, hitting $28.46. The company’s stock had a trading volume of 2,676,700 shares, compared to its average volume of 2,015,951. The stock has a market capitalization of $7,462.55, a price-to-earnings ratio of 48.24, a price-to-earnings-growth ratio of 3.59 and a beta of 0.68. Match Group has a 12 month low of $15.42 and a 12 month high of $32.87. 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 (NASDAQ:MTCH) last issued 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 firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. research analysts forecast that Match Group will post 0.63 EPS for the current fiscal year.
In related news, Vice Chairman Sam Yagan sold 54,625 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $19.31, for a total value of $1,054,808.75. Following the completion of the sale, the insider now owns 98,854 shares in the company, valued at $1,908,870.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 902,498 shares of company stock valued at $19,287,878. 18.10% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC lifted 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 valued at $111,000 after acquiring an additional 5,333 shares during the period. Turner Investments LLC acquired a new stake in shares of Match Group during the 3rd quarter valued at approximately $162,000. BNP Paribas Arbitrage SA lifted its position in shares of Match Group by 162.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after acquiring an additional 4,359 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after acquiring an additional 519 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Match Group during the 3rd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 20.04% of the company’s stock.
About Match Group
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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