Match Group, Inc. (MTCH) Rating Reiterated by Deutsche Bank AG
Match Group, Inc. (NASDAQ:MTCH)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They presently have a $33.00 target price on the technology company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 15.22% from the company’s previous close.
Other analysts have also issued research reports about the company. Bank of America Corporation upped their target price on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Match Group in a research note on Saturday, September 30th. UBS AG increased their price objective on Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, September 20th. BMO Capital Markets reissued a “buy” rating and set a $21.00 price objective on shares of Match Group in a research note on Wednesday, September 13th. Finally, Citigroup Inc. increased their price objective on Match Group from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.89.
Match Group (MTCH) opened at $28.64 on Wednesday. Match Group has a twelve month low of $15.42 and a twelve month high of $32.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $7,840.00 and a PE ratio of 49.81.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The business 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 firm’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 firm posted $0.23 EPS. research analysts forecast that Match Group will post 0.63 EPS for the current fiscal year.
In other Match Group news, Vice Chairman Sam Yagan sold 684,583 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the completion of the transaction, the insider now owns 464,963 shares in the company, valued at $10,205,937.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the transaction, 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 quarter, insiders sold 847,873 shares of company stock valued at $18,233,069. 18.10% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Match Group by 34.8% during the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Match Group by 0.4% during the second quarter. JPMorgan Chase & Co. now owns 5,377,345 shares of the technology company’s stock valued at $93,457,000 after buying an additional 20,060 shares during the last quarter. Light Street Capital Management LLC purchased a new stake in shares of Match Group during the second quarter valued at $39,974,000. Voya Investment Management LLC boosted its position in shares of Match Group by 16.4% during the second quarter. Voya Investment Management LLC now owns 1,674,074 shares of the technology company’s stock valued at $29,095,000 after buying an additional 235,355 shares during the last quarter. Finally, Mik Capital LLC purchased a new stake in shares of Match Group during the second quarter valued at $23,043,000. Hedge funds and other institutional investors own 20.04% 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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