Vetr lowered shares of Match Group (NASDAQ:MTCH) from a buy rating to a hold rating in a report published on Thursday. Vetr currently has $37.10 price objective on the technology company’s stock.

Other analysts also recently issued reports about the stock. Jefferies Group increased their price target on shares of Match Group from $30.00 to $35.00 and gave the company a buy rating in a research report on Thursday, November 9th. Citigroup reiterated a buy rating and issued a $35.00 price target on shares of Match Group in a research report on Thursday, November 9th. Wells Fargo & Co reiterated a buy rating and issued a $29.00 price target (up from $21.00) on shares of Match Group in a research report on Thursday, October 19th. Cowen reiterated a buy rating and issued a $33.00 price target on shares of Match Group in a research report on Friday, November 10th. Finally, Aegis increased their target price on Match Group from $29.00 to $32.00 and gave the stock a buy rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Match Group currently has a consensus rating of Buy and a consensus target price of $36.32.

Shares of Match Group (NASDAQ MTCH) opened at $35.71 on Thursday. The firm has a market cap of $9,754.08, a P/E ratio of 30.01, a P/E/G ratio of 2.72 and a beta of 0.91. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. Match Group has a 52-week low of $15.42 and a 52-week high of $36.84.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The firm had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 30.34%. The business’s revenue was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. research analysts predict that Match Group will post 0.92 earnings per share for the current fiscal year.

In related news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. bought a new position in shares of Match Group during the 4th quarter worth approximately $1,871,000. BlackRock Inc. grew its stake in shares of Match Group by 4.7% during the 4th quarter. BlackRock Inc. now owns 1,714,016 shares of the technology company’s stock worth $53,665,000 after acquiring an additional 76,567 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Match Group by 43.5% during the 4th quarter. Bank of New York Mellon Corp now owns 434,303 shares of the technology company’s stock worth $13,598,000 after acquiring an additional 131,639 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Match Group by 23.1% during the 4th quarter. Rhumbline Advisers now owns 52,255 shares of the technology company’s stock worth $1,636,000 after acquiring an additional 9,816 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Match Group during the 4th quarter worth approximately $1,392,000. 20.33% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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