Match Group (NASDAQ:MTCH)‘s stock had its “buy” rating reissued by analysts at Aegis in a report issued on Friday. They presently have a $42.00 price target on the technology company’s stock, up from their prior price target of $32.00. Aegis’ price objective indicates a potential upside of 17.61% from the stock’s current price.
MTCH has been the subject of several other reports. Wells Fargo & Co reissued an “outperform” rating and issued a $38.00 price objective (up from $33.00) on shares of Match Group in a report on Monday, January 8th. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Vetr raised Match Group from a “hold” rating to a “buy” rating and set a $37.10 price objective for the company in a report on Tuesday, January 30th. Deutsche Bank reaffirmed a “buy” rating and set a $33.00 price target on shares of Match Group in a report on Wednesday, November 15th. Finally, BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a report on Monday, December 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Match Group has an average rating of “Buy” and a consensus target price of $36.32.
Shares of Match Group (MTCH) opened at $35.71 on Friday. The firm has a market capitalization of $9,754.08, a P/E ratio of 30.01, a PEG ratio of 2.72 and a beta of 0.91. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $36.84. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40.
In related news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in MTCH. Wells Fargo & Company MN raised its position in 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 acquiring an additional 1,645,294 shares in the last quarter. Vanguard Group Inc. raised its position in Match Group by 34.8% in the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after acquiring an additional 1,617,950 shares in the last quarter. First Trust Advisors LP raised its position in 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 acquiring an additional 1,078,925 shares in the last quarter. Rathbone Brothers plc purchased a new position in Match Group in the fourth quarter worth $21,103,000. Finally, Gladstone Capital Management LLP purchased a new position in Match Group in the third quarter worth $13,962,000. Hedge funds and other institutional investors own 20.33% of the company’s stock.
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.
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