Analysts Set Match Group Inc (MTCH) Price Target at $53.53

Match Group Inc (NASDAQ:MTCH) has been given a consensus rating of “Hold” by the eighteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.53.

Several equities analysts have commented on MTCH shares. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, February 1st. Aegis lifted their target price on Match Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, February 8th. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. ValuEngine downgraded Match Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank downgraded Match Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $61.00 to $53.86 in a research report on Wednesday, February 6th.

In related news, President Sharmistha Dubey sold 39,773 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $57.60, for a total value of $2,290,924.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gary Swidler sold 158,795 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $57.88, for a total value of $9,191,054.60. Following the completion of the sale, the chief financial officer now owns 146,706 shares in the company, valued at approximately $8,491,343.28. The disclosure for this sale can be found here. Insiders sold 345,705 shares of company stock worth $19,966,091 in the last 90 days. Company insiders own 7.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors grew its stake in Match Group by 18.1% in the fourth quarter. Captrust Financial Advisors now owns 2,235 shares of the technology company’s stock worth $96,000 after purchasing an additional 343 shares in the last quarter. Strs Ohio grew its position in Match Group by 10.4% during the 4th quarter. Strs Ohio now owns 4,010 shares of the technology company’s stock worth $171,000 after purchasing an additional 377 shares in the last quarter. Penn Capital Management Co. Inc. grew its position in Match Group by 1.4% during the 3rd quarter. Penn Capital Management Co. Inc. now owns 28,164 shares of the technology company’s stock worth $4,909,000 after purchasing an additional 399 shares in the last quarter. IFP Advisors Inc grew its position in Match Group by 22.1% during the 4th quarter. IFP Advisors Inc now owns 2,793 shares of the technology company’s stock worth $118,000 after purchasing an additional 506 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Match Group by 38.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,000 shares of the technology company’s stock worth $86,000 after purchasing an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 20.91% of the company’s stock.

NASDAQ:MTCH traded up $0.50 during midday trading on Thursday, hitting $59.10. 1,049,170 shares of the company traded hands, compared to its average volume of 1,486,467. Match Group has a 12-month low of $33.30 and a 12-month high of $61.95. The firm has a market capitalization of $16.46 billion, a PE ratio of 44.44, a PEG ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.97 and a current ratio of 0.97.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Match Group had a return on equity of 83.21% and a net margin of 27.48%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $448.38 million. During the same quarter in the prior year, the firm posted $0.29 EPS. Match Group’s quarterly revenue was up 20.6% compared to the same quarter last year. Equities analysts forecast that Match Group will post 1.41 EPS for the current year.

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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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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