Shares of Match Group Inc (NASDAQ:MTCH) have received a consensus recommendation of “Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $87.44.
Several analysts recently weighed in on the company. Macquarie restated an “outperform” rating and set a $92.00 price target (up previously from $74.00) on shares of Match Group in a report on Thursday, August 8th. Evercore ISI raised shares of Match Group from an “in-line” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Friday, September 27th. Zacks Investment Research cut shares of Match Group from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Tuesday, November 12th. UBS Group raised shares of Match Group from a “neutral” rating to a “buy” rating and reduced their target price for the company from $95.00 to $88.00 in a research note on Thursday, November 7th. Finally, Guggenheim restated a “hold” rating on shares of Match Group in a report on Tuesday, September 10th.
NASDAQ MTCH traded down $0.28 during trading hours on Friday, hitting $67.98. 1,481,344 shares of the company were exchanged, compared to its average volume of 2,442,707. Match Group has a 52 week low of $37.00 and a 52 week high of $95.32. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 7.04. The stock has a 50-day moving average price of $71.25 and a 200 day moving average price of $74.33. The stock has a market cap of $19.81 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 2.37 and a beta of 0.15.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The business had revenue of $541.50 million during the quarter, compared to analyst estimates of $540.73 million. Match Group had a return on equity of 293.15% and a net margin of 26.41%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. As a group, sell-side analysts anticipate that Match Group will post 1.84 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its stake in Match Group by 4.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 79,971 shares of the technology company’s stock worth $5,380,000 after acquiring an additional 3,090 shares in the last quarter. Cabot Wealth Management Inc. purchased a new stake in shares of Match Group in the third quarter valued at approximately $1,680,000. Bank of America Corp DE grew its stake in Match Group by 24.5% in the second quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after purchasing an additional 233,918 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Match Group in the second quarter worth approximately $251,000. Finally, Janus Henderson Group PLC purchased a new position in Match Group during the 2nd quarter worth $10,822,000. 24.86% of the stock is currently owned by institutional investors.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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