Match Group (MTCH) Lifted to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report issued on Wednesday, May 8th, ValuEngine reports.

A number of other research analysts also recently issued reports on MTCH. Zacks Investment Research raised Match Group from a hold rating to a buy rating and set a $54.00 price target on the stock in a report on Thursday, January 24th. BidaskClub cut Match Group from a strong-buy rating to a buy rating in a research report on Thursday, March 28th. Finally, Aegis upped their price objective on Match Group from $62.00 to $70.00 and gave the company a buy rating in a research report on Friday, February 8th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $63.26.

Shares of NASDAQ:MTCH traded down $0.97 during midday trading on Wednesday, reaching $68.70. 2,109 shares of the company’s stock traded hands, compared to its average volume of 2,141,588. The company has a market cap of $19.49 billion, a P/E ratio of 52.38, a PEG ratio of 2.58 and a beta of 0.58. The company has a debt-to-equity ratio of 11.10, a current ratio of 1.13 and a quick ratio of 1.13. Match Group has a one year low of $33.30 and a one year high of $75.28.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.17. The firm had revenue of $464.60 million for the quarter, compared to the consensus estimate of $463.69 million. Match Group had a return on equity of 120.25% and a net margin of 27.90%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts anticipate that Match Group will post 1.78 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in Match Group by 2.2% in the first quarter. Commonwealth Equity Services LLC now owns 8,094 shares of the technology company’s stock worth $458,000 after buying an additional 171 shares in the last quarter. Assetmark Inc. increased its position in Match Group by 59.1% in the first quarter. Assetmark Inc. now owns 603 shares of the technology company’s stock worth $34,000 after buying an additional 224 shares in the last quarter. IHT Wealth Management LLC increased its position in Match Group by 2.6% in the first quarter. IHT Wealth Management LLC now owns 9,660 shares of the technology company’s stock worth $547,000 after buying an additional 242 shares in the last quarter. Captrust Financial Advisors increased its position 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 buying an additional 343 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Match Group by 0.7% in the first quarter. Rhumbline Advisers now owns 51,243 shares of the technology company’s stock worth $2,901,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 22.22% of the company’s stock.

About Match Group

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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