Match Group (MTCH) Upgraded to “Buy” by BidaskClub
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.
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.
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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.
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