Match Group (MTCH) Downgraded by TheStreet

TheStreet downgraded shares of Match Group (NASDAQ:MTCH) from a b- rating to a c rating in a report released on Wednesday.

Other research analysts have also recently issued reports about the company. Vetr cut Match Group from a buy rating to a hold rating and set a $37.10 target price on the stock. in a research report on Thursday. JPMorgan Chase & Co. reissued an overweight rating and issued a $42.00 target price (up from $39.00) on shares of Match Group in a research report on Thursday. Barclays raised their target price on Match Group from $30.00 to $37.00 and gave the stock an equal weight rating in a research report on Thursday. BMO Capital Markets raised their target price on Match Group from $35.00 to $42.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Citigroup raised their target price on Match Group from $35.00 to $40.00 and gave the stock a buy rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $36.32.

Match Group (NASDAQ:MTCH) traded up $1.55 during trading on Wednesday, hitting $35.15. The company had a trading volume of 803,308 shares, compared to its average volume of 1,578,037. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. Match Group has a 12 month low of $15.42 and a 12 month high of $36.84. The stock has a market capitalization of $9,841.49, a PE ratio of 29.29, a PEG ratio of 2.75 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 25.34%. The company’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. research analysts anticipate that Match Group will post 0.86 earnings per share for the current fiscal year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 18.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board bought a new position in shares of Match Group in the fourth quarter worth about $236,000. Wells Fargo & Company MN raised its stake in shares of Match Group by 163.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock worth $82,940,000 after buying an additional 1,645,294 shares during the period. First Trust Advisors LP raised its stake in shares of Match Group by 306.1% in the fourth quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock worth $44,817,000 after buying an additional 1,078,925 shares during the period. RWC Asset Management LLP raised its stake in shares of Match Group by 150.0% in the fourth quarter. RWC Asset Management LLP now owns 375,000 shares of the technology company’s stock worth $11,741,000 after buying an additional 225,000 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Match Group by 10.8% in the fourth quarter. California Public Employees Retirement System now owns 17,500 shares of the technology company’s stock worth $548,000 after buying an additional 1,700 shares during the period. 20.33% of the stock is currently owned by hedge funds and other institutional investors.

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Match Group Company Profile

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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