Match Group (MTCH) Earns Buy Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Match Group (NASDAQ:MTCH) in a report issued on Wednesday, November 15th. They currently have a $33.00 price objective on the technology company’s stock.

Other research analysts have also recently issued reports about the company. UBS cut Match Group from an outperform rating to a market perform rating and boosted their price target for the stock from $28.00 to $35.00 in a report on Thursday, November 9th. Citigroup reissued a buy rating and issued a $35.00 price target on shares of Match Group in a report on Thursday, November 9th. Oppenheimer cut Match Group from an outperform rating to a market perform rating in a report on Thursday, November 9th. Jefferies Group boosted their price target on Match Group from $30.00 to $35.00 and gave the stock a buy rating in a report on Thursday, November 9th. Finally, CIBC reaffirmed a market perform rating on shares of Match Group in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Match Group currently has a consensus rating of Buy and an average target price of $30.89.

Shares of Match Group (MTCH) opened at $28.41 on Wednesday. The stock has a market capitalization of $7,760.11, a PE ratio of 48.15, a price-to-earnings-growth ratio of 3.61 and a beta of 0.76. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a 52 week low of $15.42 and a 52 week high of $32.87.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Match Group will post 0.63 earnings per share for the current year.

In other news, Director Ann Mcdaniel sold 11,119 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was 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 SEC, which is accessible through this link. Insiders own 18.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares during the last quarter. JPMorgan Chase & Co. grew its position in Match Group by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,377,345 shares of the technology company’s stock valued at $93,457,000 after acquiring an additional 20,060 shares during the last quarter. Light Street Capital Management LLC bought a new position in Match Group in the 2nd quarter valued at $39,974,000. Voya Investment Management LLC grew its position in Match Group by 16.4% in the 2nd quarter. Voya Investment Management LLC now owns 1,674,074 shares of the technology company’s stock valued at $29,095,000 after acquiring an additional 235,355 shares during the last quarter. Finally, Mik Capital LLC bought a new position in Match Group in the 2nd quarter valued at $23,043,000. 21.03% of the stock is currently owned by 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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