Match Group Inc (NASDAQ:MTCH) has received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $64.89.
Several equities research analysts have weighed in on MTCH shares. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, February 1st. Aegis increased their target price on shares of Match Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. SunTrust Banks increased their target price on shares of Match Group to $54.00 and gave the stock a “hold” rating in a research note on Monday, February 11th. ValuEngine raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. Finally, Goldman Sachs Group began coverage on shares of Match Group in a research note on Monday, February 4th. They set a “sell” rating and a $45.00 target price on the stock.
MTCH traded up $2.93 during midday trading on Monday, hitting $73.66. 37,852 shares of the company were exchanged, compared to its average volume of 1,794,806. The company has a market capitalization of $20.19 billion, a P/E ratio of 55.34, a P/E/G ratio of 3.24 and a beta of 0.58. The company has a debt-to-equity ratio of 11.10, a quick ratio of 1.13 and a current ratio of 1.13. Match Group has a 1-year low of $33.30 and a 1-year high of $71.53.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.17. The company 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 firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Analysts forecast that Match Group will post 1.41 EPS for the current year.
Several hedge funds have recently bought and sold shares of MTCH. Renaissance Technologies LLC lifted its stake in Match Group by 400.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,156,300 shares of the technology company’s stock valued at $122,068,000 after buying an additional 1,725,700 shares in the last quarter. FMR LLC lifted its stake in Match Group by 27.1% in the 4th quarter. FMR LLC now owns 2,288,741 shares of the technology company’s stock valued at $97,890,000 after buying an additional 488,384 shares in the last quarter. First Trust Advisors LP lifted its stake in Match Group by 40.9% in the 4th quarter. First Trust Advisors LP now owns 1,027,241 shares of the technology company’s stock valued at $43,935,000 after buying an additional 298,046 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new position in Match Group in the 4th quarter valued at about $8,554,000. Finally, Spark Investment Management LLC lifted its stake in Match Group by 712.0% in the 1st quarter. Spark Investment Management LLC now owns 182,700 shares of the technology company’s stock valued at $10,342,000 after buying an additional 160,200 shares in the last quarter. 20.20% of the stock is currently owned by institutional investors and hedge funds.
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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