BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a research note released on Friday.
Other equities analysts have also issued research reports about the company. UBS Group increased their price target on Match Group from $52.00 to $66.00 and gave the company a buy rating in a research report on Wednesday, September 26th. Nomura began coverage on Match Group in a research report on Thursday, October 11th. They issued a buy rating and a $66.00 price target for the company. SunTrust Banks began coverage on Match Group in a research report on Tuesday, December 18th. They issued a hold rating and a $47.00 price target for the company. Summit Insights began coverage on Match Group in a research report on Tuesday, December 11th. They issued a hold rating for the company. Finally, Macquarie began coverage on Match Group in a research report on Wednesday, November 28th. They issued an outperform rating for the company. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Match Group has an average rating of Buy and a consensus price target of $50.69.
NASDAQ:MTCH opened at $44.69 on Friday. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63. Match Group has a 1-year low of $30.85 and a 1-year high of $60.95. The firm has a market capitalization of $12.52 billion, a P/E ratio of 85.94, a P/E/G ratio of 1.93 and a beta of 0.25.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The business had revenue of $444.00 million during the quarter, compared to analyst estimates of $438.03 million. During the same quarter last year, the company posted $0.19 EPS. Match Group’s revenue for the quarter was up 29.4% on a year-over-year basis. Research analysts expect that Match Group will post 1.28 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, December 4th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Hawaii purchased a new stake in shares of Match Group during the 3rd quarter worth about $791,000. Viridian Ria LLC purchased a new stake in shares of Match Group during the 3rd quarter worth about $1,064,000. Wells Fargo & Company MN raised its stake in shares of Match Group by 50.0% during the 3rd quarter. Wells Fargo & Company MN now owns 2,010,634 shares of the technology company’s stock worth $116,436,000 after purchasing an additional 669,868 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Match Group by 196.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,232 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 12,753 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Match Group by 8.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 209,463 shares of the technology company’s stock worth $8,115,000 after purchasing an additional 15,526 shares in the last quarter. Hedge funds and other institutional investors own 23.25% of the company’s stock.
About Match Group
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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