Match Group Inc (MTCH) Receives Consensus Recommendation of “Buy” from Analysts

Match Group Inc (NASDAQ:MTCH) has earned a consensus rating of “Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $64.89.

MTCH has been the topic of several analyst reports. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 13th. Aegis increased their price target on shares of Match Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. SunTrust Banks increased their price target on shares of Match Group to $54.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. BidaskClub lowered shares of Match Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Barclays increased their price target on shares of Match Group from $56.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 9th.

In other Match Group news, CEO Amanda Ginsberg sold 119,879 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $69.05, for a total value of $8,277,644.95. Following the sale, the chief executive officer now owns 211,784 shares in the company, valued at $14,623,685.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its position in Match Group by 59.1% in the first quarter. Assetmark Inc. now owns 603 shares of the technology company’s stock valued at $34,000 after buying an additional 224 shares in the last quarter. PRW Wealth Management LLC acquired a new stake in Match Group in the fourth quarter valued at approximately $43,000. Neuburgh Advisers LLC acquired a new stake in Match Group in the fourth quarter valued at approximately $82,000. Captrust Financial Advisors boosted 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 valued at $96,000 after buying an additional 343 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in Match Group by 32.5% in the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock valued at $100,000 after buying an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 22.19% of the company’s stock.

Shares of MTCH opened at $70.73 on Friday. Match Group has a 12 month low of $33.30 and a 12 month high of $75.28. The company has a market cap of $19.25 billion, a PE ratio of 53.18, a price-to-earnings-growth ratio of 2.54 and a beta of 0.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 11.10.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.17. The business had revenue of $464.60 million for the quarter, compared to analyst estimates of $463.69 million. Match Group had a net margin of 27.90% and a return on equity of 120.25%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, equities analysts predict that Match Group will post 1.78 EPS for the current year.

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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