Aegis Raises Match Group (MTCH) Price Target to $70.00

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Match Group (NASDAQ:MTCH) had its price objective hoisted by Aegis from $62.00 to $70.00 in a report released on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on MTCH. Nomura started coverage on shares of Match Group in a report on Thursday, October 11th. They issued a buy rating and a $66.00 price objective for the company. BidaskClub raised shares of Match Group from a buy rating to a strong-buy rating in a report on Wednesday, October 17th. ValuEngine downgraded shares of Match Group from a buy rating to a hold rating in a report on Friday, October 19th. Deutsche Bank upped their price objective on shares of Match Group from $56.00 to $61.00 and gave the stock a buy rating in a report on Monday, November 5th. Finally, Wells Fargo & Co reaffirmed a hold rating on shares of Match Group in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $51.79.

MTCH stock opened at $56.61 on Friday. The stock has a market capitalization of $15.74 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.42 and a beta of 0.59. Match Group has a fifty-two week low of $33.06 and a fifty-two week high of $60.95. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $448.38 million. Match Group had a net margin of 27.48% and a return on equity of 66.86%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, analysts anticipate that Match Group will post 1.52 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bell Rock Capital LLC acquired a new stake in Match Group in the 4th quarter valued at about $54,000. Cornerstone Advisors Inc. lifted its holdings in Match Group by 863.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,339 shares of the technology company’s stock valued at $57,000 after acquiring an additional 1,200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Match Group by 38.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,000 shares of the technology company’s stock valued at $86,000 after acquiring an additional 558 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Match Group in the 4th quarter valued at about $106,000. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Match Group in the 3rd quarter valued at about $116,000. 23.31% of the stock is owned by institutional investors.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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