Several other research firms have also recently issued reports on MTCH. Aegis reaffirmed a buy rating and set a $20.00 price target on shares of Match Group in a research note on Tuesday. Axiom Securities raised their price target on shares of Match Group from $18.00 to $21.00 and gave the stock a buy rating in a research note on Friday, September 30th. Bank of America Corporation reiterated a buy rating on shares of Match Group in a report on Thursday, November 3rd. SunTrust Banks, Inc. reiterated a buy rating and set a $20.00 price objective (up from $18.00) on shares of Match Group in a report on Wednesday, October 12th. Finally, J P Morgan Chase & Co reiterated a buy rating and set a $20.00 price objective on shares of Match Group in a report on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $17.80.
Match Group (NASDAQ:MTCH) traded down 0.2746% during trading on Tuesday, hitting $18.2298. 331,057 shares of the stock were exchanged. The stock has a market cap of $4.64 billion, a P/E ratio of 35.3977 and a beta of 0.87. The stock’s 50 day moving average price is $17.71 and its 200 day moving average price is $16.76. Match Group has a 12 month low of $8.41 and a 12 month high of $19.74.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Match Group had a net margin of 11.38% and a return on equity of 42.62%. The company had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $317.92 million. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Match Group will post $0.73 EPS for the current fiscal year.
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In other Match Group news, Vice Chairman Sam Yagan sold 59,646 shares of Match Group stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $18.01, for a total value of $1,074,224.46. Following the completion of the transaction, the insider now owns 59,646 shares of the company’s stock, valued at $1,074,224.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in MTCH. PNC Financial Services Group Inc. increased its position in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the company’s stock worth $125,000 after buying an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Match Group during the third quarter worth approximately $128,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Match Group during the third quarter worth approximately $145,000. AHL Partners LLP acquired a new position in Match Group during the second quarter worth approximately $160,000. Finally, Quadrature Capital Ltd acquired a new position in Match Group during the third quarter worth approximately $205,000. 16.88% of the stock is owned by hedge funds and other institutional investors.
About Match Group
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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