Match Group Inc. (NASDAQ:MTCH)‘s stock had its “buy” rating reiterated by JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They presently have a $20.00 price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 13.19% from the company’s current price.
A number of other research firms have also issued reports on MTCH. SunTrust Banks Inc. reissued a “buy” rating and issued a $18.00 price target (up from $15.00) on shares of Match Group in a research report on Friday, July 15th. Deutsche Bank AG increased their price target on shares of Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Wells Fargo & Co. reissued a “buy” rating on shares of Match Group in a research report on Monday, August 29th. Finally, Axiom Securities reissued a “buy” rating on shares of Match Group in a research report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.23.
Match Group (NASDAQ:MTCH) opened at 17.67 on Tuesday. The stock has a market capitalization of $4.45 billion and a P/E ratio of 37.20. Match Group has a 52 week low of $8.41 and a 52 week high of $18.13. The stock has a 50 day moving average of $15.97 and a 200 day moving average of $14.11.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $301.12 million for the quarter, compared to analysts’ expectations of $295.12 million. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Match Group will post $0.73 earnings per share for the current fiscal year.
In other Match Group news, insider Amarnath Thombre sold 122,802 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.38, for a total transaction of $1,888,694.76. Following the transaction, the insider now owns 122,802 shares in the company, valued at $1,888,694.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Dawson sold 227,415 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $15.56, for a total value of $3,538,577.40. Following the transaction, the chief financial officer now owns 151,514 shares in the company, valued at approximately $2,357,557.84. The disclosure for this sale can be found here. Company insiders own 19.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MTCH. Global X Management Co. LLC bought a new stake in shares of Match Group during the second quarter valued at about $507,000. Geode Capital Management LLC increased its stake in shares of Match Group by 571.8% in the first quarter. Geode Capital Management LLC now owns 221,387 shares of the company’s stock valued at $2,448,000 after buying an additional 188,433 shares during the last quarter. Menta Capital LLC bought a new stake in shares of Match Group during the first quarter valued at about $300,000. Osmium Partners LLC bought a new stake in shares of Match Group during the first quarter valued at about $243,000. Finally, Aperio Group LLC bought a new stake in shares of Match Group during the first quarter valued at about $507,000. Institutional investors own 15.80% 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.
Receive News & Ratings for Match Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.