BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

MTCH has been the subject of several other research reports. Cowen reissued an outperform rating and set a $28.00 target price (up previously from $22.00) on shares of Match Group in a research note on Friday, October 13th. Barclays raised their target price on Match Group from $26.00 to $30.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Bank of America raised their target price on Match Group from $21.00 to $30.00 and gave the stock a buy rating in a research note on Tuesday, October 10th. CIBC reissued a market perform rating on shares of Match Group in a research note on Thursday, November 9th. Finally, UBS cut Match Group from an outperform rating to a market perform rating and raised their target price for the stock from $28.00 to $35.00 in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Match Group has a consensus rating of Buy and a consensus price target of $31.09.

Match Group (MTCH) traded up $0.33 during mid-day trading on Tuesday, reaching $30.83. The company’s stock had a trading volume of 1,518,300 shares, compared to its average volume of 1,431,888. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $8,330.98, a PE ratio of 51.69, a price-to-earnings-growth ratio of 3.95 and a beta of 0.77. Match Group has a one year low of $15.42 and a one year high of $32.87.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. Match Group’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. analysts predict that Match Group will post 0.62 EPS for the current fiscal year.

In other news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its stake in Match Group by 48.3% during the 3rd quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock worth $514,000 after purchasing an additional 7,210 shares in the last quarter. RWC Asset Management LLP acquired a new position in Match Group during the 3rd quarter worth $3,479,000. Janney Montgomery Scott LLC acquired a new position in Match Group during the 3rd quarter worth $226,000. Granahan Investment Management Inc. MA acquired a new position in Match Group during the 3rd quarter worth $8,016,000. Finally, Crestline Management LP acquired a new position in Match Group during the 3rd quarter worth $2,429,000. 20.97% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/match-group-mtch-upgraded-to-buy-by-bidaskclub/1774691.html.

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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.