Match Group Inc (NASDAQ:MTCH) has been assigned an average rating of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $88.76.

Several research analysts have recently issued reports on the stock. Nomura upped their target price on shares of Match Group from $62.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. BMO Capital Markets upped their target price on shares of Match Group from $74.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Oppenheimer restated a “hold” rating on shares of Match Group in a report on Tuesday, September 10th. Aegis restated a “buy” rating and issued a $105.00 target price on shares of Match Group in a report on Wednesday, September 4th. Finally, Barclays restated an “equal weight” rating and issued a $88.00 target price (up previously from $66.00) on shares of Match Group in a report on Thursday, August 8th.

NASDAQ MTCH traded down $0.82 on Friday, hitting $78.42. 30,853 shares of the stock were exchanged, compared to its average volume of 2,033,571. The company has a 50-day moving average price of $81.40 and a 200-day moving average price of $69.25. Match Group has a fifty-two week low of $33.30 and a fifty-two week high of $95.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 7.63. The company has a market cap of $22.48 billion, a PE ratio of 59.02, a PEG ratio of 2.70 and a beta of 0.23.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The business had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $489.16 million. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities research analysts predict that Match Group will post 1.77 EPS for the current fiscal year.

In related news, insider Jared F. Sine sold 24,641 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the completion of the sale, the insider now owns 39,649 shares in the company, valued at approximately $3,234,565.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Philip D. Eigenmann sold 7,057 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $84.49, for a total transaction of $596,245.93. Following the completion of the sale, the chief accounting officer now owns 13,133 shares of the company’s stock, valued at approximately $1,109,607.17. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Match Group by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,319,263 shares of the technology company’s stock worth $425,097,000 after buying an additional 48,969 shares during the last quarter. JPMorgan Chase & Co. raised its position in Match Group by 8.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,469,837 shares of the technology company’s stock worth $373,207,000 after buying an additional 425,333 shares during the last quarter. Renaissance Technologies LLC raised its position in Match Group by 30.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,821,900 shares of the technology company’s stock worth $189,829,000 after buying an additional 665,600 shares during the last quarter. Bank of America Corp DE raised its position in Match Group by 24.5% during the 2nd quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after buying an additional 233,918 shares during the last quarter. Finally, Gladstone Capital Management LLP raised its position in Match Group by 24.1% during the 2nd quarter. Gladstone Capital Management LLP now owns 1,041,364 shares of the technology company’s stock worth $70,053,000 after buying an additional 202,312 shares during the last quarter. Institutional investors own 22.81% of the company’s stock.

Match Group Company Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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