Match Group (NASDAQ:MTCH) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other analysts have also commented on MTCH. Wells Fargo & Co reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Match Group in a research report on Wednesday, August 8th. ValuEngine raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. BMO Capital Markets lifted their price objective on shares of Match Group from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Barclays lifted their price objective on shares of Match Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 9th. Finally, Deutsche Bank lifted their price objective on shares of Match Group from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.82.

MTCH stock traded down $0.96 during mid-day trading on Thursday, hitting $42.71. The company had a trading volume of 4,308,169 shares, compared to its average volume of 2,954,889. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.54 and a current ratio of 1.54. Match Group has a 12 month low of $27.59 and a 12 month high of $60.95.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $444.00 million for the quarter, compared to analyst estimates of $438.03 million. Match Group had a net margin of 21.24% and a return on equity of 64.07%. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts forecast that Match Group will post 1.26 earnings per share for the current year.

In related news, CEO Amanda Ginsberg sold 11,196 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $48.78, for a total transaction of $546,140.88. Following the sale, the chief executive officer now owns 19,349 shares of the company’s stock, valued at approximately $943,844.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Jared F. Sine sold 27,343 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $48.51, for a total transaction of $1,326,408.93. Following the sale, the general counsel now directly owns 65,022 shares in the company, valued at approximately $3,154,217.22. The disclosure for this sale can be found here. In the last three months, insiders sold 251,000 shares of company stock worth $12,382,872. Insiders own 7.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MTCH. California Public Employees Retirement System boosted its holdings in Match Group by 66.4% during the first quarter. California Public Employees Retirement System now owns 29,126 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 11,626 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Match Group by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company’s stock valued at $9,584,000 after purchasing an additional 17,958 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Match Group by 9.2% during the first quarter. Principal Financial Group Inc. now owns 98,142 shares of the technology company’s stock valued at $4,361,000 after purchasing an additional 8,306 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Match Group by 86.6% during the second quarter. State of Alaska Department of Revenue now owns 6,270 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,910 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in Match Group by 57.3% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,308,674 shares of the technology company’s stock valued at $50,698,000 after purchasing an additional 476,807 shares in the last quarter. 21.68% of the stock is currently owned by institutional investors and hedge funds.

About Match Group

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

Recommended Story: Google Finance Portfolio Tips and Tricks

Analyst Recommendations for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.