BidaskClub lowered shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

A number of other research analysts have also recently issued reports on the company. ValuEngine raised Match Group from a hold rating to a buy rating in a research note on Wednesday, August 8th. Deutsche Bank raised their price objective on Match Group from $50.00 to $56.00 and gave the company a buy rating in a research note on Friday, August 17th. Aegis raised their price objective on Match Group from $55.00 to $65.00 and gave the company a buy rating in a research note on Wednesday, September 12th. Wells Fargo & Co reissued a hold rating and issued a $41.00 target price on shares of Match Group in a research note on Wednesday, August 8th. Finally, BMO Capital Markets raised their target price on Match Group from $45.00 to $52.00 and gave the stock an outperform rating in a research note on Thursday, August 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Match Group presently has an average rating of Buy and an average price target of $43.94.

Shares of NASDAQ:MTCH opened at $55.85 on Friday. Match Group has a 12-month low of $22.90 and a 12-month high of $60.95. The stock has a market cap of $15.33 billion, a PE ratio of 107.88, a P/E/G ratio of 3.62 and a beta of 0.36. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.18.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. Match Group had a return on equity of 53.18% and a net margin of 32.94%. The firm had revenue of $421.20 million for the quarter, compared to analysts’ expectations of $413.07 million. analysts anticipate that Match Group will post 1.23 EPS for the current year.

In other Match Group news, CEO Amanda Ginsberg sold 106,850 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $49.37, for a total value of $5,275,184.50. Following the completion of the sale, the chief executive officer now directly owns 62,682 shares in the company, valued at $3,094,610.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gary Swidler sold 105,611 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the completion of the sale, the chief financial officer now owns 266,010 shares of the company’s stock, valued at $13,186,115.70. The disclosure for this sale can be found here. Insiders sold 251,000 shares of company stock worth $12,382,872 over the last three months. 7.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Northern Trust Corp lifted its holdings in shares of Match Group by 6.5% during the second quarter. Northern Trust Corp now owns 657,697 shares of the technology company’s stock valued at $25,479,000 after purchasing an additional 40,284 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Match Group by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 494,739 shares of the technology company’s stock valued at $19,166,000 after purchasing an additional 27,161 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Match Group by 89.3% during the second quarter. California Public Employees Retirement System now owns 55,130 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 26,004 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Match Group by 519.2% during the second quarter. Millennium Management LLC now owns 891,541 shares of the technology company’s stock valued at $34,538,000 after purchasing an additional 747,553 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Match Group by 48.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Match Group

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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