Match Group (NASDAQ:MTCH) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Wednesday.

Several other analysts have also recently commented on MTCH. BMO Capital Markets raised their target price on shares of Match Group from $35.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup raised their target price on shares of Match Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised their target price on shares of Match Group from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America raised their target price on shares of Match Group from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $42.00 target price (up previously from $39.00) on shares of Match Group in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Match Group currently has a consensus rating of “Buy” and a consensus target price of $36.32.

Shares of Match Group (NASDAQ:MTCH) traded up $1.62 during trading on Wednesday, reaching $35.22. 288,352 shares of the company’s stock traded hands, compared to its average volume of 1,574,133. Match Group has a 52 week low of $15.42 and a 52 week high of $36.84. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $9,841.49, a P/E ratio of 29.29, a P/E/G ratio of 2.75 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 25.34% and a net margin of 26.31%. The firm had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue was up 28.5% on a year-over-year basis. sell-side analysts anticipate that Match Group will post 0.86 earnings per share for the current year.

In related news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC lifted its stake in shares of Match Group by 499.8% in the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Match Group by 211.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock valued at $112,000 after purchasing an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Match Group by 2,627.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock valued at $117,000 after purchasing an additional 3,600 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Match Group by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. Finally, Turner Investments LLC acquired a new stake in shares of Match Group in the third quarter valued at about $162,000. Hedge funds and other institutional investors own 20.33% of the company’s stock.

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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.

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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