Shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) have been given an average rating of “Moderate Buy” by the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $91.76.
Several equities research analysts recently issued reports on MTCH shares. Susquehanna Bancshares decreased their target price on shares of Match Group from $100.00 to $85.00 and set a “positive” rating on the stock in a research report on Thursday, August 4th. StockNews.com cut shares of Match Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Stifel Nicolaus started coverage on shares of Match Group in a research report on Wednesday, September 14th. They issued a “hold” rating and a $62.00 target price on the stock. KeyCorp decreased their target price on shares of Match Group from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Match Group from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th.
In related news, CEO Bernard Jin Kim purchased 16,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $63.58 per share, for a total transaction of $1,017,280.00. Following the completion of the purchase, the chief executive officer now owns 16,000 shares in the company, valued at $1,017,280. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.
Institutional Trading of Match Group
Match Group Trading Down 4.3 %
NASDAQ:MTCH opened at $55.37 on Monday. The company has a market capitalization of $15.81 billion, a P/E ratio of 173.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.22. Match Group has a twelve month low of $53.19 and a twelve month high of $182.00. The firm has a 50-day moving average price of $64.30 and a two-hundred day moving average price of $77.68.
Match Group (NASDAQ:MTCH – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $794.51 million during the quarter, compared to the consensus estimate of $802.13 million. Match Group had a net margin of 3.48% and a negative return on equity of 164.13%. On average, equities research analysts predict that Match Group will post 2.55 earnings per share for the current year.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
- Get a free copy of the StockNews.com research report on Match Group (MTCH)
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