Match Group, Inc. (NASDAQ:MTCH) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
MTCH has been the subject of a number of other reports. Citigroup Inc. initiated coverage on Match Group in a report on Monday, March 27th. They issued a “buy” rating and a $22.00 price objective for the company. Piper Jaffray Companies initiated coverage on Match Group in a report on Tuesday, April 4th. They issued an “overweight” rating and a $21.00 price objective for the company. Vetr cut Match Group from a “strong-buy” rating to a “buy” rating and set a $21.33 price objective for the company. in a report on Monday, May 1st. Jefferies Group LLC initiated coverage on Match Group in a report on Tuesday, April 18th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Cowen and Company reiterated an “outperform” rating and issued a $22.00 price objective on shares of Match Group in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Match Group presently has a consensus rating of “Buy” and an average target price of $20.34.
Match Group (NASDAQ MTCH) opened at 17.55 on Thursday. The company has a market capitalization of $4.53 billion, a P/E ratio of 26.27 and a beta of 0.62. Match Group has a 52-week low of $14.32 and a 52-week high of $20.75. The firm has a 50-day moving average price of $18.63 and a 200 day moving average price of $17.72.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. Match Group had a return on equity of 39.71% and a net margin of 14.91%. The firm had revenue of $298.76 million during the quarter, compared to analysts’ expectations of $314.94 million. On average, analysts predict that Match Group will post $0.88 earnings per share for the current fiscal year.
In other news, insider Amarnath Thombre sold 116,126 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $19.63, for a total value of $2,279,553.38. Following the completion of the sale, the insider now owns 50,000 shares of the company’s stock, valued at approximately $981,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 18.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its stake in Match Group by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock worth $114,000 after buying an additional 1,156 shares during the period. TLP Group LLC acquired a new position in Match Group during the first quarter worth approximately $154,000. Private Advisor Group LLC acquired a new position in Match Group during the first quarter worth approximately $174,000. UBS Asset Management Americas Inc. acquired a new position in Match Group during the first quarter worth approximately $181,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Match Group during the first quarter worth approximately $304,000. 20.85% of the stock is owned by institutional investors.
About Match Group
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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