Match Group, Inc. (NASDAQ:MTCH) – Jefferies Group dropped their FY2018 earnings per share estimates for shares of Match Group in a research report issued to clients and investors on Sunday. Jefferies Group analyst B. Thill now forecasts that the technology company will post earnings of $0.93 per share for the year, down from their prior estimate of $0.94. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Match Group’s FY2019 earnings at $1.15 EPS.
Several other brokerages also recently commented on MTCH. Vetr downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective for the company. in a research report on Monday. BidaskClub downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Co restated an “outperform” rating and set a $38.00 price objective (up from $33.00) on shares of Match Group in a research report on Monday. Guggenheim upgraded shares of Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, UBS Group downgraded shares of Match Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.77.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 1,617,950 shares during the last quarter. Light Street Capital Management LLC bought a new stake in shares of Match Group in the second quarter worth $39,974,000. Voya Investment Management LLC grew its stake in shares of Match Group by 16.4% in the second quarter. Voya Investment Management LLC now owns 1,674,074 shares of the technology company’s stock worth $29,095,000 after purchasing an additional 235,355 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Match Group by 493.8% in the third quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock worth $23,276,000 after purchasing an additional 834,681 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of Match Group by 33.7% in the third quarter. Artisan Partners Limited Partnership now owns 937,605 shares of the technology company’s stock worth $21,743,000 after purchasing an additional 236,331 shares during the last quarter. 20.97% of the stock is currently owned by institutional investors.
In other news, Director Ann Mcdaniel sold 11,119 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.10% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: “FY2018 EPS Estimates for Match Group, Inc. (MTCH) Decreased by Analyst” was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://weekherald.com/2018/01/11/fy2018-eps-estimates-for-match-group-inc-mtch-decreased-by-analyst.html.
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.
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.