Match Group (NASDAQ:MTCH) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Match Group (NASDAQ:MTCH) from a strong-buy rating to a buy rating in a report published on Friday morning, BidAskClub reports.

Several other brokerages also recently weighed in on MTCH. ValuEngine downgraded Match Group from a strong-buy rating to a buy rating in a report on Wednesday, May 22nd. Zacks Investment Research raised Match Group from a hold rating to a strong-buy rating and set a $78.00 price target for the company in a report on Wednesday, May 15th. BMO Capital Markets raised their price target on Match Group to $75.00 and gave the stock an outperform rating in a report on Monday, May 13th. Goldman Sachs Group raised Match Group from a sell rating to a neutral rating and raised their price target for the stock from $48.00 to $66.00 in a report on Thursday, May 9th. Finally, SunTrust Banks raised their price target on Match Group to $62.00 and gave the stock a hold rating in a report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Match Group has an average rating of Buy and an average price target of $63.26.

Shares of NASDAQ MTCH opened at $66.79 on Friday. The company has a debt-to-equity ratio of 11.10, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 50.22, a price-to-earnings-growth ratio of 2.48 and a beta of 0.37. Match Group has a fifty-two week low of $33.30 and a fifty-two week high of $75.28.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.17. The business had revenue of $464.60 million during the quarter, compared to the consensus estimate of $463.69 million. Match Group had a return on equity of 120.25% and a net margin of 27.90%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. On average, equities analysts anticipate that Match Group will post 1.78 earnings per share for the current year.

In related news, insider Philip D. Eigenmann sold 4,328 shares of Match Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $70.87, for a total transaction of $306,725.36. Following the completion of the sale, the insider now owns 10,506 shares of the company’s stock, valued at $744,560.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mcdaniel sold 6,400 shares of Match Group stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $70.26, for a total value of $449,664.00. Following the sale, the director now directly owns 9,578 shares of the company’s stock, valued at approximately $672,950.28. The disclosure for this sale can be found here. Insiders have sold 130,607 shares of company stock valued at $9,034,034 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Match Group by 0.3% during the fourth quarter. BlackRock Inc. now owns 2,883,109 shares of the technology company’s stock worth $123,309,000 after purchasing an additional 9,441 shares during the period. FMR LLC raised its position in Match Group by 27.1% during the fourth quarter. FMR LLC now owns 2,288,741 shares of the technology company’s stock valued at $97,890,000 after acquiring an additional 488,384 shares in the last quarter. First Trust Advisors LP raised its position in Match Group by 40.9% during the fourth quarter. First Trust Advisors LP now owns 1,027,241 shares of the technology company’s stock valued at $43,935,000 after acquiring an additional 298,046 shares in the last quarter. Geode Capital Management LLC raised its position in Match Group by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 565,699 shares of the technology company’s stock valued at $24,194,000 after acquiring an additional 56,727 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Match Group by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,970 shares of the technology company’s stock valued at $12,017,000 after acquiring an additional 62,448 shares in the last quarter. 22.17% of the stock is owned by hedge funds and other institutional investors.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

Recommended Story: What is a Fibonacci Channel?

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.