Match Group (MTCH) Trading Down 0.2%

Shares of Match Group Inc (NASDAQ:MTCH) traded down 0.2% during mid-day trading on Friday . The stock traded as low as $33.41 and last traded at $33.66. 1,856,622 shares were traded during trading, an increase of 15% from the average session volume of 1,614,481 shares. The stock had previously closed at $33.60.

Several analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Match Group from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their price objective on shares of Match Group from $30.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday. TheStreet downgraded shares of Match Group from a “b-” rating to a “c” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Match Group from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Finally, Aegis reissued a “buy” rating and issued a $42.00 price objective (up previously from $32.00) on shares of Match Group in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Match Group currently has an average rating of “Buy” and a consensus price target of $36.32.

The stock has a market cap of $9,400.00 and a P/E ratio of 29.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40.

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

In other news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Match Group by 15.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock valued at $2,084,000 after acquiring an additional 16,401 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Match Group by 122.3% during the third quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock valued at $697,000 after buying an additional 15,150 shares during the last quarter. GMT Capital Corp grew its holdings in shares of Match Group by 20.6% during the third quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock valued at $14,197,000 after buying an additional 104,500 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Match Group by 77.4% during the third quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock valued at $814,000 after buying an additional 15,400 shares during the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of Match Group by 1,409.6% during the second quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock valued at $535,000 after buying an additional 528,585 shares during the last quarter. 20.33% of the stock is owned by hedge funds and other institutional investors.

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About Match Group

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.

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