Match Group Inc. (NASDAQ:MTCH) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage presently has a $20.04 price objective on the stock. Vetr‘s target price indicates a potential upside of 11.64% from the company’s previous close.
Several other brokerages also recently commented on MTCH. Axiom Securities upped their target price on Match Group from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 30th. Bank of America Corp. reissued a “buy” rating on shares of Match Group in a research note on Thursday, November 3rd. SunTrust Banks Inc. reissued a “buy” rating and issued a $20.00 price objective (up from $18.00) on shares of Match Group in a research note on Wednesday, October 12th. Numis Securities Ltd reissued a “buy” rating on shares of Match Group in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $20.00 price objective on shares of Match Group in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.14.
Match Group (NASDAQ:MTCH) traded up 2.28% during trading on Monday, reaching $17.95. The company had a trading volume of 596,177 shares. The company has a market capitalization of $4.57 billion and a P/E ratio of 34.85. Match Group has a 12 month low of $8.41 and a 12 month high of $19.74. The stock has a 50 day moving average of $17.78 and a 200-day moving average of $16.04.
Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, November 1st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Match Group had a return on equity of 42.62% and a net margin of 11.38%. The business earned $316.40 million during the quarter, compared to the consensus estimate of $317.92 million. Match Group’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that Match Group will post $0.75 EPS for the current fiscal year.
In other news, Vice Chairman Sam Yagan sold 59,646 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $18.01, for a total transaction of $1,074,224.46. Following the transaction, the insider now owns 59,646 shares of the company’s stock, valued at approximately $1,074,224.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 19.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Match Group during the first quarter valued at $492,000. Bank of New York Mellon Corp increased its stake in shares of Match Group by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 131,074 shares of the company’s stock valued at $1,977,000 after buying an additional 13,841 shares during the last quarter. Monashee Investment Management LLC acquired a new stake in shares of Match Group during the second quarter valued at $807,000. Suntrust Banks Inc. increased its stake in shares of Match Group by 37.0% in the second quarter. Suntrust Banks Inc. now owns 20,786 shares of the company’s stock valued at $313,000 after buying an additional 5,609 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Match Group during the second quarter valued at $953,000. Hedge funds and other institutional investors own 16.88% of the company’s stock.
About Match Group
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.