Match Group (MTCH) Receiving Somewhat Positive News Coverage, Study Shows
Press coverage about Match Group (NASDAQ:MTCH) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Match Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.2171054577938 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Match Group (MTCH) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Consensus Analysts Rating is Good For Investors? Match Group, Inc. (MTCH) – Wall Street Morning (wallstreetmorning.com)
- Reviewing the Current Circumstance for Match Group, Inc. (MTCH), Caesars Entertainment Corporation (CZR) – Market Movers (financialqz.com)
- Tinder trying out Feed of matches’ Instagram, Spotify posts (finance.yahoo.com)
Shares of Match Group (MTCH) traded up $0.59 during trading on Friday, hitting $29.43. The stock had a trading volume of 1,956,605 shares, compared to its average volume of 1,315,597. The firm has a market cap of $8,038.72, a PE ratio of 49.88, a P/E/G ratio of 3.81 and a beta of 0.77. Match Group has a fifty-two week low of $15.42 and a fifty-two week 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.
Several equities research analysts recently issued reports on MTCH shares. Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective (up from $23.00) on shares of Match Group in a report on Thursday, August 31st. BMO Capital Markets reiterated a “buy” rating and issued a $21.00 price objective on shares of Match Group in a report on Wednesday, September 13th. UBS lifted their price objective on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded Match Group from a “strong sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Wednesday, October 4th. Finally, Citigroup boosted their target price on Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Match Group has a consensus rating of “Buy” and a consensus price target of $31.09.
In other news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.10% of the stock is currently owned by insiders.
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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