Match Group (MTCH) Getting Positive Press Coverage, Report Finds
News stories about Match Group (NASDAQ:MTCH) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Match Group earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 45.02695087069 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Jefferies Group Equities Analysts Decrease Earnings Estimates for Match Group, Inc. (MTCH) (americanbankingnews.com)
- Research Analysts Issue Forecasts for Match Group, Inc.’s Q1 2018 Earnings (MTCH) (americanbankingnews.com)
- Match Group (MTCH) Given “Outperform” Rating at Wells Fargo & Co (americanbankingnews.com)
- W&T Offshore, Inc. (WTI) Once Again Win Street Race- Match Group, Inc. (MTCH) – Investing News Update (investingbizz.com)
- Recent Insiders Bustle: Match Group, Inc. (MTCH), OvaScience, Inc. (OVAS) – Market Movers (financialqz.com)
Match Group (NASDAQ MTCH) traded down $0.30 during midday trading on Wednesday, reaching $31.94. The company had a trading volume of 671,285 shares, compared to its average volume of 1,380,000. The company has a market capitalization of $8,720.00 and a P/E ratio of 21.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group has a fifty-two week low of $15.42 and a fifty-two week high of $33.08.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. Match Group had a net margin of 34.06% and a return on equity of 31.18%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. equities research analysts predict that Match Group will post 0.62 EPS for the current year.
A number of research firms have recently weighed in on MTCH. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Vetr downgraded Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 target price for the company. in a research report on Monday. Cowen restated an “outperform” rating and set a $28.00 target price (up previously from $22.00) on shares of Match Group in a research report on Friday, October 13th. Barclays boosted their target price on Match Group from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Finally, Bank of America boosted their target price on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.77.
In related news, Director Ann Mcdaniel sold 11,119 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.10% of the company’s stock.
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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.
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