Shares of Match Group Inc (NASDAQ:MTCH) gapped down before the market opened on Wednesday . The stock had previously closed at $39.36, but opened at $39.41. Match Group shares last traded at $38.42, with a volume of 2747910 shares trading hands.

Several analysts have commented on MTCH shares. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 29th. Wells Fargo & Co reiterated a “hold” rating on shares of Match Group in a research note on Thursday, November 8th. Zacks Investment Research downgraded Match Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Jefferies Financial Group increased their target price on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.94.

The company has a market capitalization of $11.20 billion, a PE ratio of 73.88, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.93.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $444.00 million for the quarter, compared to the consensus estimate of $438.03 million. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. As a group, analysts forecast that Match Group Inc will post 1.28 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, December 4th.

Hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Match Group in the 2nd quarter worth $111,000. Thompson Siegel & Walmsley LLC bought a new position in Match Group in the 3rd quarter worth $116,000. Commonwealth Bank of Australia raised its holdings in Match Group by 155.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,400 shares during the period. Financial Architects Inc raised its holdings in Match Group by 410.3% in the 2nd quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,934 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in Match Group in the 2nd quarter worth $150,000. Hedge funds and other institutional investors own 23.50% of the company’s stock.

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About Match Group (NASDAQ:MTCH)

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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