Match Group (NASDAQ:MTCH) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $35.61 target price on the technology company’s stock. Vetr‘s price objective suggests a potential upside of 12.87% from the company’s previous close.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Match Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 9th. Wells Fargo & Co reissued an “outperform” rating and issued a $38.00 target price (up previously from $33.00) on shares of Match Group in a research note on Monday, January 8th. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Evercore ISI initiated coverage on Match Group in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 target price on the stock. Finally, Deutsche Bank reissued a “buy” rating and issued a $33.00 target price on shares of Match Group in a research note on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.77.

Match Group (NASDAQ:MTCH) opened at $31.55 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a one year low of $15.42 and a one year high of $33.08. The stock has a market capitalization of $8,620.00 and a price-to-earnings ratio of 21.03.

Match Group (NASDAQ:MTCH) last issued its quarterly 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). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same period last year, the company earned $0.23 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. analysts forecast that Match Group will post 0.62 EPS for the current fiscal year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was 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 link. Company insiders own 18.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Match Group by 2,627.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after purchasing an additional 3,600 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Match Group by 499.8% during the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after purchasing an additional 5,333 shares during the period. Turner Investments LLC acquired a new stake in shares of Match Group during the third quarter worth about $162,000. BNP Paribas Arbitrage SA raised its position in shares of Match Group by 162.9% during the third quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock worth $163,000 after purchasing an additional 4,359 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Match Group by 40.7% during the third quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,129 shares during the period. 20.97% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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